China’s Buying Up Foreign Companies, So the U.S. Might Need to Rethink its Trade Strategy

Chinese President Xi Jinping has a problem related to his nation’s growing demand for high-quality food and other agricultural products. In December 2013, Mr. Xi declared a strategic goal for China: to seize “the commanding heights in biotechnology,” in areas such as genetically modified organisms (GMOs). It must “not let large foreign companies dominate the agricultural biotechnology product market,” he said. However, China is still years behind the United States and Europe in research and development.

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