Tuesday 24 September 2013

Why China Just Bought One-Twentieth Of Ukraine: Kiev Ukraine News Blog

Kiev Ukraine News Blog:

"China has inked a deal to farm three million hectares, or about 11, 583 square miles of Ukrainian land over the span of half a century—which means the eastern European country will give up about 5% of its total land, or 9% of its arable farmland to feed China’s burgeoning population.


China likes the look of this red star, in this field in Ukraine.

Under the deal between China’s Xinjiang Production and Construction Corps, or XPCC, and KSG Agro, an Ukrainian agricultural company, crops and pigs raised in the eastern region of Dnipropetrovsk will be sold at preferential rates to two Chinese state-owned grain firms.

The project will launch with 100,000 hectares and eventually expand to three million."

'via Blog this'

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