China’s food security at the mercy of free trade order – Asia Times

Since joining the World Trade Organization (WTO) in 2001, China’s food imports have increased significantly. Between 2019 and 2021, annual and net food imports will reach $160 billion and $93 billion, respectively.

However, as rural incomes rise and China’s population declines, it is uncertain whether trade can bridge the gap between domestic food production and consumption in the future.

Soybeans for animal protein feed and soybean oil are China’s largest food imports. Imports will exceed 100 million tons in 2020, with an annual average of 95 million tons from 2019 to 2021. Corn will replace cooking oil as his second largest import commodity in China in 2021.

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