China finds itself reeling under trade disputes with the US, as the next round of tariffs on $16 billion worth of Chinese goods is expected to start on August 23.
Earlier this week, Russia offered to bail out China from the trade war with Washington.
Maybe, the US trade war on China should be interpreted as a piece in a much larger chessboard: A war on Eurasia integration,or the One Belt, One Road initiative.
Inadvertently, Trump's trade war with China could be a game-changer for Moscow, as it expects foreign investment to flood the region.
"Beijing has already significantly reduced its soybean purchases from the US, and as a result bought a record 850,000 tonnes of them from Russia between July 2017 and the end of May, according to figures from the Russian agriculture agency Rosselkhoznadzor. But that represents only a fraction of the 800 million tonnes of soybeans China has imported so far this year, according to the latest figures from its customs agency. The agriculture ministry in Beijing said earlier that it had ramped up domestic soybean production"significantly" to deal with the threat of shortages, and would make a further 1 million hectares of land available for growing the crop over the next two year," said the South China Morning Post.
Zhang Xin, a Russian expert at East China Normal University in Shanghai, said that a smooth transition of supply from the US to Russia is unlikely, as he said the deal still had obstacles to overcome.
As the quality of Russian farmland remains questionable for Chinese farmers, China's trade dispute with the US does not seem to be waning anytime soon.
https://www.zerohedge.com/news/2018-08-16/russia-offers-25-million-acres-farmland-china-amid-worsening-trade-war
Earlier this week, Russia offered to bail out China from the trade war with Washington.
Maybe, the US trade war on China should be interpreted as a piece in a much larger chessboard: A war on Eurasia integration,or the One Belt, One Road initiative.
Inadvertently, Trump's trade war with China could be a game-changer for Moscow, as it expects foreign investment to flood the region.
"Beijing has already significantly reduced its soybean purchases from the US, and as a result bought a record 850,000 tonnes of them from Russia between July 2017 and the end of May, according to figures from the Russian agriculture agency Rosselkhoznadzor. But that represents only a fraction of the 800 million tonnes of soybeans China has imported so far this year, according to the latest figures from its customs agency. The agriculture ministry in Beijing said earlier that it had ramped up domestic soybean production"significantly" to deal with the threat of shortages, and would make a further 1 million hectares of land available for growing the crop over the next two year," said the South China Morning Post.
Zhang Xin, a Russian expert at East China Normal University in Shanghai, said that a smooth transition of supply from the US to Russia is unlikely, as he said the deal still had obstacles to overcome.
As the quality of Russian farmland remains questionable for Chinese farmers, China's trade dispute with the US does not seem to be waning anytime soon.
https://www.zerohedge.com/news/2018-08-16/russia-offers-25-million-acres-farmland-china-amid-worsening-trade-war
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