Farm Policy – A Game Changing Acquisition

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  • China may be allowing many steel mills, aluminium smelters and coal mines to shut down as part of plans to rein in overcapacity.
  • But there are no such cutbacks seemingly with regard to agriculture. The clearest indication of this came when the state-owned ChemChina offered to buy Syngenta for a value of over $43 billion.
  • It is a pointer to the importance that the authorities in China are attaching to ensuring food security. Experts say India should learn from China on how to deal with food security.