China will plough billions of yuan [CNY 1 billion = US$163 million] into farmland in Ukraine that will eventually become its biggest overseas agricultural project. The move is a significant step in China’s recent efforts to encourage domestic companies to farm overseas as China’s food demand grows in pace with urbanization…Full-text article: South China Morning Post Sep 2013

Key point

  • The deal was struck in June 2013 between China’s Xinjiang Production and Construction Corps (XPCC) and Ukraine’s KSG Agro

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