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Why China is in Argentina - Market Mad House
The reason for China’s interest in Argentina today is the same reason, Great Britain was so interested in Argentina in the 19th Century. To explain, the reason is food, specifically soybeans. China’s voracious appetite for soybeans explains its interest in Argentina. In fact, China uses one-third of the world’s soybeans or 4.2 billion bushels a year, the American Farm Bureau Federation estimates.