Food Replacing Oil as China M&A Target of Choice: Commodities

Food Replacing Oil as China M&A Target of Choice: Commodities

After spending a decade acquiring mines and oilfields a Bloomberg article suggests Chinese companies are now investing in food production. “The world’s most populous nation is confronting a harsh reality: For every additional bushel of wheat or pound of beef the world produces, China will need almost half of that to keep its citizens fed,” according to the story. China can’t produce enough crops and meat domestically. As a result Chinese and Hong Kong-listed firms have already spent $12.3 billion on investments in food production this year. This is the most in at least a decade according to Bloomberg data.

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