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TO EAT China Buys 5 Percent of Ukraine Arno Burgi, DPA / Corbis

China Buys 5 Percent of Ukraine

The breadbasket of Europe is living up to its name. In an effort to feed its growing population, China purchased 5 percent of Ukraine’s soil-rich land, an incredible 9 percent of its farmland. The deal, struck between Chinese and Ukrainian production companies, gives the middle kingdom access to the land for the next 50 years. Two Chinese state-owned grain farms plan to head up the operation, the first step of which involves swapping seeds and equipment with Ukraine in exchange for pigs and crops. According to experts, China consumes roughly 20 percent of the world’s food supplies.

September 24, 2013 6:32 PM