FOOD CRISIS COMING IN CHINA?

This has not been a good year for China.
The economy suffered a 6.8 percent economic contraction in Q1, followed by a 3.2 percent rebound (anemic by Chinese standards) in Q2. Relations with the United States remain tense and complicated.
On top of that, heavy rains have caused massive flooding that has wiped away billions of dollars of value in China, washing up factories, homes and agricultural land in a frothy tide of destruction. This last is important.
While China supports over 20 percent of the world’s population, it has a little over 12 percent of its arable land (according to the World Bank). Heavy rains and floods are bad enough; add in an African Swine Fever resurgence in some parts of southern China and the question of food security gains traction as something to watch.













