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China International Business

China International Business - Jeffrey Fawcett Fundamentals...

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Jeffrey Fawcett Fundamentals of International Business 2/8/11 Mrs. Li New York Times: World News “The U.N. Food and Agriculture Organization issued an alert Tuesday that a severe drought was threatening the wheat crop in China, the world’s largest wheat producer, and was even resulting in shortages of drinking water for people and livestock. World wheat prices are already surging and have been widely cited as one reason for protests in Egypt and elsewhere in the Arab world. China has been essentially self-sufficient in grain for decades for national security reasons, and any move by China to import large quantities of food in response to the drought could drive international prices even higher, creating serious problems for less affluent countries that rely on imported food.” China is suffering through one of its worst droughts in 60 years and it does not show any signs of letting up. They are expecting extreme
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