Heilongjiang Rice Farmers Get Raw Deal

If the Chinese government wants to increase consumer consumption in the Chinese interior they are going to have to help solve issues like this one.

 Rice farmers in Wuchang, Heilongjiang receive less than four Yuan for each kg of their product, which sells for as much as 398 Yuan a kg in the retail, the China Youth Daily reports.

The farmers’ low share of the profit is reportedly the result of a monopoly among several crop processing companies that buy the rice, the rice is well-known across the country for its high quality.  

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

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