Chinese agriculture’s dependence on foreign trade will keep declining, with total import and export growth for agricultural products predicted to be lower than 5 percent in 2014, a think tank report said Friday. Total imports and exports are predicted to hit around 200 billion US dollars this year, with a growth rate of less than 5 percent year on year, compared with 6.2 percent in 2013, according to the report released by the Chinese Academy of Social Sciences…Full Article: The Global Times Apr 2014
Key point
- According to the think tank’s report, China will produce 610 million MTs of grain in 2014, while cotton and sugar production will decline
ChinaAg Comment
- In 2013, it was estimated that China’s grain output reached 601 million MTs