International Trade
China is the world's largest importer of soybeans and other food crops. China is expected to become the top importer of farm products within the next decade.
While most years China's agricultural production is sufficient to feed the country, in down years, China has to import grain. Due to the shortage of available farm land and an abundance of labor, it might make more sense to import land-extensive crops (such as wheat and rice) and to save China's scarce cropland for high-value export products, such as fruits, nuts, or vegetables. In order to maintain grain independence and ensure food security, however, the government of China has enforced policies that encourage grain production at the expense of more-profitable crops. Despite heavy restrictions on crop production, China's agricultural exports have greatly increased in recent years.
Read more about this topic: Agriculture In The People's Republic Of China
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“I look on trade and every mechanical craft as education also. But let me discriminate what is precious herein. There is in each of these works an act of invention, an intellectual step, or short series of steps taken; that act or step is the spiritual act; all the rest is mere repetition of the same a thousand times.”
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