China News

China is on track to slash its reliance on imported soybeans to less than 30 per cent within a decade, from the current 90 per cent, research from Goldman Sachs suggests, as Beijing accelerates efforts to shore up self-sufficiency – including inoculating its food supply against trade shocks. Demand-management strategies for the crop – a vital source of cooking oil and animal feed, as well as a key commodity at the centre of Beijing’s trade relations with Washington – reduced annual consumption...

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