China Economic ReviewChina moved forward with the restructuring and consolidation of two of the country’s biggest state-owned agriculture firms by putting together two join ventures to preside over overlapping businesses, reports Caixin. State-owned grain giant Cofco Corp and national grain stockpiler China Grain Reserves Group, also known as Sinograin, signed agreements on the ventures last month, according […]
New Hope Group, a Chinese agriculture conglomerate, is mulling over raising around $100 million for a cold-chain logistics business, reports Bloomberg. According to people familiar with the matter, Chengdu-based Fresh Life Cold Chain Logistics is approaching potential industry and private equity investors and is looking for a valuation of over $1 billion. Deliberations on the […]
China’s soybean imports are set to slow sharply in late 2021 from a record first-half tally, reported Reuters. A collapse in hog sector profitability and a sharp rise in wheat feed use are crimping demand in China, where imports this year may now be less than 100 million tonnes, compared with a recent US forecast […]
China is stepping up efforts to control the spread of African swine fever, restricting the movement of live pigs within designated regions, reported the South China Morning Post. While the country aims for a full recovery from the pork crisis by midyear, experts warn that this goal could be much further away. On April 29, the northern region […]
China has devised a big plan to encourage the country’s tech talent to move to the countryside and help transform this vastly underdeveloped market, as it tries to narrow the digital divide between rural and urban areas, reported the South China Morning Post. This plan is Beijing’s solution to the challenges that China is facing, […]