Doesn't China have 2 years worth of food stockpiled? They could try to starve us out and invade.
One Reason for Rising Food Prices? Chinese Hoarding.
https://www.bloomberg.com/opinion/ar...inese-hoarding
Xi told a high-level Communist Party meeting that “the food of the Chinese people must be made by and remain in the hands of the Chinese people.”
That won’t be easy. China’s inventory of arable land has been in decline for decades, nibbled away by urban development and soil contamination, and its farms are far less productive than counterparts in other countries. Efforts to boost productivity with policy incentives and technology investments are promising but unlikely to pan out for years.
So China is stockpiling. At home, the government is offering farmers a minimum price for their crops (which are then often stockpiled).
China is hoarding key commodities.
By mid-2022, according to the U.S. Department of Agriculture, China will hold 69% of the world’s corn reserves, 60% of its rice and 51% of its wheat. By China’s own estimation, these reserves are at a “historically high level” and are contributing to higher global food prices. For China, such stockpiles are necessary to ensure it won’t be at the mercy of major food exporters such as the U.S. But other countries, especially in the developing world, might ask why less than 20% of the world’s population is hoarding so much of its food.
Originally Posted by 1168
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