“China has a huge water problem which they are trying to solve. Someone is going to make a fortune as they try, whether they solve it or not.” Jim Rogers (Bloomberg)
China’s long-term food security and social stability may be threatened unless the world’s largest grain producer invests more to fight the effects of drought, McKinsey & Co. said.
Extreme drought caused by a “high climate change scenario” could more than triple crop losses in northeast China to 13.8 million metric tons, or 12 percent of the total, by 2030, said a report by New York-based McKinsey & Co released yesterday. in Bloomberg