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China’s record corn purchases have traders wondering if bump can last
Prices surge to near eight-year high as demand from Beijing fuels grain market rally
World Economy News
12 Feb 2021 • 4 min read
Record purchases by China have sent corn prices soaring since the end of last year, leaving farmers and analysts pondering how long the surge can be sustained.
Rampant demand from the world’s second-biggest economy has driven a fierce rally in grain prices in recent months. China has always been reliant on overseas markets for soyabeans to feed its animal herds. But the ramping up of imports of corn where the country has previously aimed for self-sufficiency has surprised analysts and traders.
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Michael-magdovitz
CHINA / SOCIETY By Global Times Published: Jan 24, 2021 01:18 PM
Accident site of a collapsed hotel in Quanzhou, East China s Fujian Province, March 8, 2020. Photo: Xinhua
The Central Commission for Discipline Inspection (CCDI) of the Communist Party of China (CPC) criticized some government bodies and individual officials for engaging in formalism, bureaucracy, malpractice and corruption while disclosing details of the investigation into the collapse of a hotel used as a COVID-19 quarantine center in East China s Fujian Province last year and the explosion at a chemical plant in East China s Jiangsu Province in 2019.
Investigation details revealed in a TV series broadcast by China Central Television (CCTV) since Thursday exposed the problems in relevant organs in the collapse of an illegally constructed building used as a COVID-19 quarantine center in Quanzhou, East China s Fujian Province on March 7, 2020, which caused 29 deaths, and the deadly explosion that struck a c
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