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Business briefing

— Global


China heads to Australia on the hunt for arable land and Germany goes back to boat-building basics.

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The sky’s the limit


China’s food-security experts are on the hunt to acquire enough arable land overseas to ensure the world’s most populous nation can feed itself in the future. Their latest target? Down Under, where Beidahuang Group, the Chinese state conglomerate, is pushing to acquire 100,000 hectares of prime farmland in Western Australia’s southern wheat belt.

The €3.2bn investment could eventually include a railway line connecting to Albany Port. If Beidahuang manages to negotiate port access with local grain handler cbh…


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