Updated: Jul 2
In a strategic shift, China, the world's largest food importer, is reportedly transitioning towards food self-sufficiency. Amidst rising food prices and escalating U.S.-China tensions, the Chinese government aims to decrease its dependency on food imports like soybeans and corn. This spring, China cancelled large-scale food import orders, notably 1.104 million tons of U.S. corn, leading to global market concern. Analysts interpret this as China's attempt to secure the food supply for its 1.4 billion population and reduce its reliance on the U.S. This shift coincides with policy changes including the enactment of food security laws and increased import regulations.