DALIAN, China -- China's goal to increase soybean production to offset plunging imports from the U.S. is not going according to plan.
Beijing wants to increase soybean production 20% by 2020 over 2018 levels, as tariffs on American soybeans caused U.S. imports to fall 70%. But government subsidies aimed at encouraging growers to switch to soybeans have dried up, leaving farmers dismayed at what they see as broken promises.
