China Becomes "Business Angel" as Crop Traders Tighten Grip on Brazil

by Markus Schlegel | April 5, 2007 at 01:23 pm

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This story from the NYT is quite interesting, as it shows how China's enormous appetite for every imaginable natural resource will change the way the world trades:

China’s global scramble for natural resources is leading to a transformation of agricultural trading around the world. Vanishing cropland and diminishing water supplies are hampering China’s ability to feed itself, and the increasing use of farmland in the United States to produce biofuels like ethanol is pushing China to seek more of its agricultural staples from South America, where land is still cheap and plentiful.