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China: Food issues
  • The Yangtze River basin, which accounts for 70 percent of China’s rice production, has seen the worst floods since 1939, damaging millions of acres of cropland. According to the China Meteorological Administration, the country has experienced a 20 percent increase in heavy rainfall since 1961, taking the water level of more than 400 rivers above the flood control line, with 33 of them reaching record highs. The heavy rain has ravaged vast swaths of industrial and agricultural land, and experts warn the worst may be yet to come.

    Soaring prices of agricultural products are stoking food-security jitters in China. According to the China’s National Bureau of Statistics, food prices went up by 13 percent in July, compared to the previous July; the price of pork rose about 85 percent. On a year-on-year basis, food prices have increased by 10 percent in 2020 — the price of corn is 20 percent higher and the price of soybeans, 30 percent.

    According to global financial group Nomura, China’s agricultural GDP could fall by nearly a percentage point in the July-September quarter, rendering losses of $1.7 billion (USD) in the agriculture output. Chinese brokerage firm Shenwan Hongyuan has anticipated that China could lose 11.2 million tons of grains this year, compared to last year. Although Xi claimed that the country’s grain output increased this year, imports of grains have gone up almost 22 percent, to 74 million tons in the first half of this year. Imports of wheat went up by a whopping 197 percent during the period.

    Food issues are severe.

    It is important to remember that Chinese history had many great floods where millions or tens of millions died. So, they understand that is at stake now.

    Each day now for China will be harder to keep COVID outbreak from happening.

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  • Their dams broke. That is a bigger problem for the next years.