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Trade war

China's soybean production push withers as subsidies dry up

Government fails on handout promise to farmers, stunting growth of crucial crop

Beijing's attempt to make up for decreased U.S. soybean imports with increased domestic production has failed to produce results while angering farmers.

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.

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