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China's Grain Policy

Overview

China's enforced entry into the world grain market in 2004 made it the biggest importer of wheat on earth the year after Beijing finally jettisoned the Maoist-era dogma of self-sufficiency. Though net purchases have fallen since, the country's size makes it a key factor in global demand, and its farm trade deficit is set to rise again for 2006.

The current Five-Year Plan calls for grain output to go from last year's 484 million tonnes to 500 million by 2010. After the...

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