A group of Chinese grain traders are building a northern trade corridor by leasing land in Mongolia’s pristine grasslands and Russia’s untainted Siberia. Those crops are already landing on European dinner tables, and they now end up in Chinese stomachs as well. “About 20 Chinese farming companies are cultivating more than 1 million mu (66,666.67
The Manzhouli Lianzhong Group, China’s largest timber and frame-housebuilding company, is leading a project with Russia to develop forest resources. The project, worth more than 1.5 billion yuan ($218 million), will seek to construct comprehensive bases in both countries for wood processing, storage and trade, according to Lu Baodong, vice-mayor of Manzhouli city in northern
China’s largest land port of entry and exit, Manzhouli, saw robust growth of freight trains linking China and Europe in 2016, mainly due to the Belt and Road Initiative. In 2016, 1,036 cross-border freight trains went through the port, an increase of 88.24 percent year on year, carrying goods worth 3.6 billion U.S. dollars, according
The first phase of Beijing Kaida Hengye Agricultural Technology Development Co Ltd’s new and fully automated potato processing plant in Ulanqab, the Inner Mongolia autonomous region, will start full-scale output in March [2017], a company official said. According to Guo Yonghui, general manager of the company’s operations in Inner Mongolia, Kaida has invested 500 million
Inner Mongolia Ding Ye Foodstuff Co Ltd, one of the country’s biggest sunflower seed exporters, said it is speeding up its push to go global with the launch of new production lines at home and plans to establish overseas offices in the next two years. The Bayannur-based private company, established in 2013, processes sunflower, pumpkin
The planned 9 billion yuan in private placement of shares by dairy giant Inner Mongolia Yili Industrial Group, will dilute its earnings by share (EPS), according to a fresh note Deutsche Bank, but enhance its long-term growth, Yili unveiled the carefully structured 4.6 billion yuan takeover of Hong Kong-traded China Shengmu Organic Milk, China’s largest
This August, a case of genetically modified corn seeds triggered hot public attention, as over 3638 mu (598 acres) of unlicensed GM maize fields in Shaanxi Province was weeded out compulsively. Police officials in Jingbian County of Yulin City recently unveiled more details of their investigation progress…Full Article: CRIENGLISH Oct 2016 Key Point A local
Thanks to China’s expanding freight service network, exports of fresh fruit and vegetables to Russia soared in the first five months, according to figures released by the customs in north China’s Inner Mongolia Autonomous Region. Among the region’s two major land checkpoints that process exports bound for Russia, Manzhouli Customs recorded cargo worth 101 million
Seevan, 39, from Inner Mongolian Autonomous Region, is one of the first herdsman to benefit from a unique service supported by Beidou, a Chinese navigation system similar to GPS. Using a device similar in size to an iPhone 6, Seevan can control the water pumps for the wells across his 200 ha of grassland, and
China is planning to increase its soybean acreage over the next five years, and will encourage more farmers to switch from corn to the more lucrative crop, an agricultural official said Thursday. Corn acreage will be cut by nearly 666,700 hectares this year as part of an effort to reduce huge stocks of the grain,