This week, the EU approved the bid of China National Chemical Corporation (ChemChina) to buy Swiss agriculture chemical company Syngenta for $43 billion. The deal took more than a year to gain approval in the U.S. — first from the Committee on Foreign Investment last August, and then from the United States Federal Trade Commission on Tuesday. The New York Times notes (paywall) that the high-profile merger is one of three being negotiated in the global chemical agriculture business that may soon significantly impact the way seeds are developed and crops are harvested worldwide, and that ChemChina’s acquisition of Syngenta is a step forward for China to secure the sustainability of its food supply.
- Bickering over beef and biscuits shows China’s task on trade pact / Bloomberg
- China urges foreign firms to make ‘joint efforts’ to control flow of cash out of the country / SCMP
- These are the states with the most to win and lose from trade with China / Bloomberg
- Opinion: How to build China’s city of the future / Bloomberg