On May 23rd, presentation of Agricultural Trade between China and the United States under the Background of the Belt and Road Initiative was held in Room 105 in Xue You Building by the College and College of Business. Professor of University of Kentucky Michael Reed analyzed agricultural trade between China and the United States, Dean of the College Liao Dongsheng presided over the presentation and more than 230 teachers and students of the College and College of Business attended the presentation.
Taking production of Coffee as example, Professor Michael Reed interpreted current situation of Chinese agricultural trade, and analyzed production and growth in production of Chinese agricultural commodities through data. He said that China had overtaken Japan and Mexico to be the United States’ largest exporter since 2001, and soybean, vegetable and beef were the most agricultural commodities that China had imported from the United States. He indicated that though production of most Chinese agricultural commodities had increased rapidly, some agricultural commodities were still in short supply.
With the figure of imports of the United States in the last 16 years, Professor Michael Reed analyzed production of agricultural commodities of the United States and the situation of its import and export, holding that strategy of agricultural cultivation affected the changes of volume of exports, however, the United States had very professional agricultural cultivation and it was hard for them the change crop variety, therefore they would not change the strategy of agricultural cultivation because of the high price.
Professor Michael Reed also expressed his opinions on what advantage China had in the agricultural trade between the two countries and issues of GM food. He thought that Chinese advantage was its mature labor-intensive products and preservation technology; there was not very big difference between GM food and non-GM food and considering the aspects of environment protection and agricultural production, GM food has more advantage than non-GM.Restrictions on the development of GM food and media’s direction of GM food make promotion of GM food become hard and there should have been larger dimensions for that.
Students said that the presentation made them have better understanding of agricultural trade between China and the United States and recognized that there was still room for the promotion of Chinese agricultural trade. They hoped that more presentations like this can be held which can expand their academic knowledge and international perspectives.