Market analysis (2): China is playing gene trump card

Introduction: after China's accession to the WTO, in order to ensure food safety, China has no choice but to engage in complex and balanced behaviors When it is aimed at capping grain production, the Chinese government must correct the huge domestic grain inventory of 200 million tons through state sales, which is the only way, Only after China's accession to the world trade organization can more agricultural products be allowed to be imported To some extent, this behavior has suppressed the price of domestic food Compared with the international market price, the price of domestic food enjoys a discount - because domestic farmers are struggling with high production input, and their fate is miserable after China's accession to the WTO Bu Yibiao, an analyst at China's state grain and oil information center, said the Chinese government is trying to maintain a stable grain production so as to better control imports after China's accession to the WTO This month, Liu Jiang, Deputy Minister of agriculture, told Reuters that China's grain production in 2001 was basically the same as last year's, reaching 462.5 million tons Industry insiders analyzed that while China seeks to complete the WTO commitment agreement, it is expected that the Chinese government will also change its strategy to protect the domestic market through non-tariff trade barriers Foreign traders have accused Beijing of using ambiguous genetically modified regulations to control soybean imports, and they are concerned that China is also using TCK smut to control wheat imports Traders in Beijing believe that China is still mysterious, unlike the United States or the European Union If China wants to do that, they will set many technical barriers (mainly on imports) Compared with other commodities, soybean trade is still relatively free, because China is short of domestic soybeans after all, and China has indeed purchased a large number of soybeans in the past two years But in June, the Beijing government issued regulations on genetically modified safety, requiring strict customs inspection, in order to stop soybean ordering, and since then, the global soybean trade has indeed cooled down Five months later, China hasn't told the market exactly what its GM rules are American farmers are very concerned about the rules, because 70% of American soybeans are basically GM soybeans Traders also believe that China can use genetically modified regulations to control the import of rapeseed from Canada and corn from the United States Traders are also worried that China will play the trump card of TCK on wheat imports again, which was once used by China to control wheat imports from the United States between 1972 and 1999 T7u