Host:

On September 8-9, 2012, more than 300 CEOs gathered in Russian City Vladivostok for the 2012 APEC CEO Summit. CEOs talked executively go around the wheat, soybeans and the corns of the economic integration. John Key MP attended the session and interacted in discussion. Russia President Dmitry Medvedev made a key speech earlier today when he warned the world has yet not overcome the economy crisis and the recovery has been held back by high debts and vulnerability in financial market. He said Russia would make economic contributions to confront the crisis by building annual green food between 120 to 125 million tons by 2020 and 35 to 40 tons would be made available for exports. He said Russia would provide opportunities to business around the regions, guide in discussions and interact among the APEC leaders and policy making on the very urgent issue. All right, talk about some urgent issue, currently on the way, I picked up Professor Zhuning from Shanghai Jiaotong University, glad to see you Professor. Perspicuously, I have to talk about China. There has been more or less a suspicion when we come to producing its grain. But China expects to import for some one hundred millions of tons of food a year in the year of 2013 given the demands are increasing as the country’s growing middle class. Is it the first-class issue? Is it a concern where China turns to for the destiny.

Zhuning:

I think it is definitely a concern. But I think the concern is probably more on the quality of the food and the sources of the food. As the fast of the middle class grows, it is becoming a chance that people will consume more and more daily products and more and more of meat. It is not just a matter of what staple food would become sufficient. It is more of a matter of whether China can produce enough meat and daily products to meet the demands of the increasing middle class. And I think China is trying hard to upgrade its agriculture industry so that there will have an increasing surprises been made in those areas. At the same time, I think the trade has been pushed up in terms of increasing in high end agriculture products, such as meat, such as fish, such as daily products. So, I think it is a problem. But I don’t think there is any burdened need for people to worry about it.

Host:

The food price is getting more expensive, particularly in China. Country economic collaborations are doing comparative well, they said, compared it with Europe, and compared it with the USA. Of course, collaboration is increasing here as well. What more things would have been done for Euro zone to go forward. We will see some of them ban about trade during it actually comes to concerns.

Zhuning:

I think in light of the Euro zone economy crisis, I definitely think it is becoming harder for the countries to collaborate as closely as they did in the past few years. There have been said that it is still very imperative for the countries to reach agreements or make progress in the foreign two areas. They have been increasing interregional and the same region collaborations. So people would have to try hard to remove the trade barriers and try to facilitate greater level and high level of collaborations among countries in the region. But I think maybe what is more important is how the countries would be impacted and can bargain as one whole body so that they can become a more effective collective bargain power in setting policies in the global perspective, such as the global trade system and global environment. So I think the countries would have to be more collaborative in terms of forming one big bargain body. So, I think that is really important.