Huanqiu quoted a report that Hong Kong’s South China Morning Post had published saying that Russia plans to provide one million hectares (2.5 million acres) of land to foreign investors. The article stated that this is good news for Beijing as it is dealing with a shortage in the supply of soybeans. The statistics show that, between July 2017 to May 2018, Beijing bought a record of 850,000 tons of soybeans from Russia. China has also decided to increase its domestic soybean production. According to the article, since Russian farmers have excessively utilized the most fertile land in the Eastern region of Russia, Chinese investors will have to use land in a region that is even more remote and lower in productivity. Some of the Russian farmers in the Far East region, however, say they do not like Chinese farmers because they tend to use too much pesticide and fertilizer. The person in charge of the Investment Department of the Russian Far East Investment and Export Agency said that 50 percent of the investment is expected to come from China.
Source: Huanqiu, August 16, 2018