China traders, farmers shrug off risk of US soybeans tariff

China has already been looking for alternative soy sources in places like Brazil, Canada and Russia, and the tariffs could help reduce Chinese dependence on U.S. suppliers, says Beijing-based trade analyst Erlend Ek. 'The discussion at the moment in China is a confident one. They think they can weather out the effects of these extra tariffs. Tariffs aren’t stopping imports, it’s just making it more expensive,' Ek said. 'They’re willing to bite that pill.' The soybean tariff is part of a carefully-targeted strategy by Chinese President Xi Jinping to strike at the heart of Trump’s base, Ek says, while minimizing risks to the Chinese economy.

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Beijing has been making a 'sophisticated play' with the tariffs they are selecting, and is playing hard ball with their US counterparts, Erlend Ek, agriculture and trade research manager at Beijing-based consultancy China Policy, said.

Trump scoffs at China trade war `lost’ years ago by predecessors

'Chinese strategists are seeing no good economic argument for escalating the situation,' said Erlend Ek, an agriculture and trade research manager at China Policy, a consulting firm based in Beijing. 'They see good economic reasons for de-escalating it, however.'

China moves its factories back to the countryside

'In the long term, China’s continued economic development will depend on people in fourth-tier cities, county towns and villages joining the consumer class,' says Even Pay, an agriculture analyst at the Beijing-based research firm China Policy. 'This is the real aim of the rural revitalisation strategy.'

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'They've prepared well for this,' said Erlend Ek, research manager with Beijing-based China Policy consultancy. 'They've done investigations into how to retaliate.'

China tries to improve running of strategic food and energy reserves

Erlend Ek, agriculture and trade research manager at Beijing-based consultancy China Policy, said the grain reserve was far bigger than the government wanted it to be, which had resulted in some of it rotting. Ek expected the new agency to push for marketisation, saying it could advise the government on how much to buy and sell based on market conditions. '[The new administration] means a move towards marketisation, which the Chinese government has realised is a more sustainable move, and it means a different way of looking at national security,' Ek said. 'It will also support [the government to] import more, because if this mechanism works, the government will have more confidence in the market.'

Xi Jinping further centralises power with ‘revolutionary’ reshuffle

The reforms, which will cut the number of ministries and vice-ministries by more than one-third, meant, 'we are seeing the party placing its stamp on a wider range of government functions,' according to China Policy research director David Kelly.

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The changes create the country’s first specialist agency focused on anti-monopoly issues, said David Cohen, a Beijing-based managing editor for the China Policy consulting firm. The agency will also oversee the State Intellectual Property Office, the focus of a potential trade dispute between the U.S. and China.

China plans new competition, food watchdog in government revamp

But even with the new structure, regulatory power may still be split with the newly-expanded Agriculture and Rural Affairs Ministry remaining in charge of ensuring the farm produce quality, said Erlend Ek, a Beijing-based agriculture and trade research manager at China Policy, a consulting firm. 'China is clearly on the way to creating a single (food safety) agency, but it’s not clear if they’ve done it now,' Ek said.

China to hold trade talks with US in Beijing as tensions rise

'Trump is in a rush for quick results, and his reckless trade remedy measures could turn out badly for both sides,' said Erlend Ek, agriculture and trade research manager at China Policy, a consultancy based in Beijing. 'However, China does not see any need to panic, as the volume of disputed trade cases is quite small. And Trump is largely not supported by major U.S. companies.'

Xi’s expansive agenda gets boost with move to end term limits

David Kelly, director at the China Policy research company, said Xi’s full agenda on the domestic front, including concerns over high levels of debt in the economy and tackling a major overhaul of the country’s financial sector, 'require you not be in a lame duck role'.

das grüne gold

Since 2012, Chinese enterprises have been able to improve their carbon footprint by investing in bamboo cultivation. 'After deforestation, processing and transport, the energy balance of bamboo is neutral,' says Even Pay, agriculture specialist at Beijing think tank China Policy. Possible applications are manifold: for gastronomy, bamboo may among other things be made into a drink. Thanks to the combination of stability and suppleness, the material is also commonly used for scaffolding on China's huge construction sites.