Our Awful Situation

China ‘may lease foreign fields’

Posted by Charlie Kilo on May 2nd, 2008

China could lease overseas farming land to beat rising food prices, according to reports from Beijing:

Soaring grain prices have encouraged the ministry of agriculture to consider the scheme, according to the Beijing Morning newspaper.

Chinese enterprises would lease or even buy farmland in Latin America, Australia and the former Soviet Union.

The land in production could replace Chinese farmland lost to rapidly growing cities and industrial zones.

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