(Apr 9): The Chinese economy is recovering slowly after taking a massive hit. Much of the focus is on the recovery of the manufacturing and service industries. The traditional measures of economic activity have been closely monitored, with Purchasing Managers’ Index (PMI) readings showing the expected records lows.

Nestled within this flow of news are other sets of statistical information that point the way to investment opportunities outside of — but directly related to — China.

Last week, the Director-General of China’s National Food and Strategic Reserves Administration, Wang Hong, provided a briefing on the current state of China’s grain reserves. While there is no threat of famine, the briefing suggested there will be shortfalls in food supplies due to Covid-19 lockdown impacts of production unless imports are substantially increased.

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