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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (4796)	5/10/2005 4:06:53 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China's Agricultural Imports Boomed During 2003-04 By Fred Gale Outlook Report No. (WRS0504) 21 pp, May 2005 China's agricultural imports more than doubled between 2002 and 2004 due to surging demand for basic commodities, a more open trade regime, and tighter commodity supplies in the Chinese domestic market. U.S. agricultural exports to China jumped to a record $5.5 billion in 2004 due to dramatic growth in U.S. exports of soybeans, cotton, and wheat. China was the fourth-largest overseas market for U.S. farmers during 2004, accounting for 9 percent of U.S. agricultural exports. China's agricultural exports continued to climb as well, but at a rate slower than its growth in imports. The outlook for Chinese imports is favorable due to strong economic growth and continued liberalization of the economy. Keywords: China, agricultural trade, imports, exports, vegetable oil, soybeans, cotton, tariffs, tariff rate quotas, World Trade Organization, WTO, ERS, USDA In this report ... ers.usda.gov