China & Ukraine Land Deal

China Official name – The People’s Republic of ChinaPopulation – 1.351 billionOfficial Language – 7 main Chinese languages

including standard Chinese or Mandarin, Cantonese, and Wu.

Currency – Yuan also referred as Renminbi Capital city – BeijingGDP – $8.227 trillionGDP per capita – $ 6,091.01

UkraineOfficial name - UkrainePopulation - 45.59 millionOfficial language - Ukrainian LanguageCurrency - Ukrainian hryvnia Capital city - KievGDP - $176.3 billion GDP per Capita - $3,866.99

• The territory of China is 96,00,000square kilometers.• Its population is about 1.351 billion people.•China eats about 20 percent of the world’s food, reasonably expected for its 1.3 billion people.

• The territory of Ukraine is 603700 square kilometers.Its population is about 45.59 million people.

It’s the largest country within Europe.

• Ukraine is traditionally an agricultural country. Wheat, maize, vegetables and all kinds of fruit are grown here. Ukraine takes the first place in Europe in production of sugar.

China-Ukraine Land Deal

Deal details

Deal is between XPCC (china) & KSG Agro (Ukraine)

Value of deal is £1.7 billionUnder the 50-year plan, China would control

3 million hectares, (which represents 9% of Ukraine's arable land).

Initially 100,000 hectares would be leased.

Under this deal Crops and pigs will be raised on this Ukranian land.

As part of the deal, China’s Export-Import bank has given Ukraine a $3 billion loan for agricultural development.

XPCC also says it will help build a highway as well as bridge in Ukraine.

Reasons

current population of (China)1.36 billion predicted by the UN to rise to 1.4 billion by 2050,

China is among the leading renter of overseas farmland in Africa, South America and Southeast Asia.

China consumes about one-fifth of the world's food supplies

But is home to just nine per cent of the world's farmland

Why UkraineIt has an area of 603,628 km2 , making it the largest country

entirely within EuropeUkraine became independent again when the Soviet Union

dissolved in 1991. This dissolution started a period of transition to a market economy , in which Ukraine suffered an eight-year recession

Ukraine was caught up in the world wide economic crisis 2008 and the economy plunged. GDP fell 20% from spring 2008 to spring 2009

Ukraine has been one of the powerhouses of world agriculture due to its fertile conditions.

As of 2011, was the world's third-largest grain exporter One of ten most attractive agricultural land acquisition

regions.