Foreign media: Goldman Sachs expects China to significantly reduce its demand for imported soybeans. It is expected that by 2035, the production of corn and soybeans in China will reach 80% to 85% of that of the United States, compared to about 50% now, while reducing the soybean content in animal feed by 25%.
Goldman Sachs also mentioned that China's agricultural research and development investment has been increasing continuously, with an average annual public sector investment of $6.6 billion between 2019 and 2021, five times that of 20 years ago.
Original article: toutiao.com/article/1851499865679872/
Statement: This article represents the views of the author himself.