Chinese
companies have been increasingly investing in farmland and agricultural
operations around the world. Some examples:
Australia:
China’s Beidahuang Group announced last year plans to buy
some 250,000 acres in Western Austalia to grow wheat for export to China.
New
Zealand: The purchase of about 20,000 acres of dairy farms in 2012 by Chinese
companies has spurred calls for limits on foreign investment in land.
Argentina: Various Chinese companies have purchased land in recent
years to grow corn, cotton, and soybeans.
Cambodia: Wuzhishan, a Chinese timber company, obtained
780,000 acres through a joint venture with Cambodian company Pheapimex
Brazil: In 2008, Chongqing Grain Group started growing soybeans in
the Brazilian state of Bahia. Today, about 20 million tons of soybeans are
exported to China.
Indonesia: China’s Tianjin Julong Group
has purchased about 250,000 acres on Kalimantan Island for production of palm
oil
Mozambique: Chinese investors announced in 2012 plans to invest
$250 million in agricultural projects in the Limpopo Valley
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