10 year ag outlook published; projects dramatic decline in soybean imports

The Chinese Academy of Agricultural Sciences recently published its China Agricultural Outlook Report (2026-2035). The analysis includes the assumptions that GDP growth will remain at 4.6% through 2035, per capita disposable income will grow at 4.3% for urban residents and 6.5% for rural residents in real terms. The population will decline at a rate of 1.1% per year, urbanization will reach 75% by 203, CPI will be between 1.0-2.5%, and the exchange rate will moderately appreciate to 6.6-6.9 CNY/...

 

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