Chen Xiwen News
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China is surveying soil nationwide to ascertain levels of heavy metals pollution after the discovery of rice tainted with cadmium spurred concern that crops may be unsafe, the official Xinhua News Agency reported.
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On a sunny March afternoon, 11 Chinese executives armed with digital cameras and iPads got out of a van on Brazil’s highway BR-163 to photograph soybean-loaded trucks headed to export terminals in the south.
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Rapid increases in the amount of agricultural products imported by China will cause economic risks for the nation, Chen Xiwen, head of the agricultural affairs office under the State Council, wrote in a commentary published in today’s People’s Daily newspaper.
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China, the world’s biggest consumer of grain, is ready to boost imports when overseas supplies are cheap, said Chen Xiwen, deputy head of the Central Rural Work Leading Group under the State Council.
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Across the road from Zhao Yuanyi’s wheat field in China’s Shandong province, Chonche Group is expanding a rail-car factory on what used to be 227 hectares of farms. Nearby, Geely Automobile Holdings Ltd. makes sedans on an 87 hectare site that four years ago was covered by crops.
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Chinese incomes rose faster in the countryside than in cities for a third straight year in 2012 as migrant workers boosted their pay and the government strengthened the social safety net.
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China hasn’t approved large-scale commercialization of genetically modified grain seeds and won’t produce GM crops this year, Chen Xiwen, deputy head of the Central Rural Work Leading Group under the State Council, said at a press conference in Beijing today.
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Soybeans rallied to a six-week high and corn rose for a fifth straight day on speculation that warm, dry weather will erode yields in Argentina, increasing demand for tightening U.S. supplies.
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China’s grain production capability may not be sustainable even as output increased for seven years, an agricultural official at the State Council said.
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The discount investors benefit from by buying yuan in Hong Kong is disappearing as China’s shift toward policies that support economic growth spurs demand for Dim Sum bonds.
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