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Zero Hedge — Russia Offers 2.5 Million Acres Of Farmland To China, Amid Worsening Trade War

Summary:
US farmers, lots of them in the State of Iowa, are not happy about losing the Chinese market, fearing it not come back once China substitutes.This article suggests their fear is justified. Earlier this week, Russia offered to bail out China from the trade war with Washington. Moscow offered 1 million hectares (2.5 million acres) of arable land available to Chinese farmers to meet its large-scale demand for soybeans — and of course, prevent a massive soybean shortage that would lead to political/social upheavals across the country. Maybe, the US trade war on China should be interpreted as a piece in a much larger chessboard: A war on Eurasia integration, or the One Belt, One Road (OBOR) initiative. This will just speed up development of alternatives to the US market for sanctioned

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US farmers, lots of them in the State of Iowa, are not happy about losing the Chinese market, fearing it not come back once China substitutes.

This article suggests their fear is justified.

Earlier this week, Russia offered to bail out China from the trade war with Washington. Moscow offered 1 million hectares (2.5 million acres) of arable land available to Chinese farmers to meet its large-scale demand for soybeans — and of course, prevent a massive soybean shortage that would lead to political/social upheavals across the country.
Maybe, the US trade war on China should be interpreted as a piece in a much larger chessboard: A war on Eurasia integration, or the One Belt, One Road (OBOR) initiative.
This will just speed up development of alternatives to the US market for sanctioned countries like China, Russia, and Iran, each of which has resources of interest to the others in achieving independence from the US and its vassals. India is also paying close attention.

Zero Hedge
Russia Offers 2.5 Million Acres Of Farmland To China, Amid Worsening Trade War

Tyler Durden

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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