Food security downplayed in China land deals

It is debatable whether Chinese hunger for foreign firms and arable land is driven by a desire to secure food supplies or commercial opportunism.

The buying up of arable land and food companies overseas by China is being seen by analysts as less about food security and more about commercial opportunity.

In September, Reuters reported that China’s Xinjiang Production Construction also known as XPCC or Bingtuan had signed a $1.7 billion agreement with Ukraine’s leading agricultural company KSG Agro for farmland in the eastern Dnipropetrovsk region.

It was the first step of a 50-year plan by XPCC, an economic and semi-military governmental organization, to control 3 million acres of arable land to grow crops and rear pigs.

China already owns swathes of farmland in Africa, South...

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