Feeding China

Feeding China - at Moneyweek.co.uk - the best of the week's international financial media.

Everyone knows by now about the booming demand for hard commodities due to the rise of China. But as the country gets richer, its 1.3 billion people will need something else too - food. Dan Denning and Annunziata Rees-Mogg report.

You'd have to have been living in a cave not to have seen what has happened to China over the last few years.The country's economy has been growing at a good 9%-10% a year (or maybe more - statistics are even less of a science and more of an art in China than elsewhere) and is set to continue to do so for the foreseeable future. According to Chinese officials, the next five years will be a "golden time" for the economy, with annual growth averaging 8%.

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