Growing foreign interest in China’s pig farms
Goldman Sachs, the global investment banking, securities and investment management firm is investing 300 million US dollars into purchases of a dozen pig farms in China’s Hunan and Fujian provinces.
The investment is an indication that there is a growing interest in China’s farm and sideline production from foreign investors.
Cao Jianhai, a researcher with the Institute of Industrial Economics under Chinese Academy of Social Sciences, said that the enormous market, low labour cost and brisk price increase expectations would bolster investors’ investment in this sector.
International capital players could make profit through controlling domestic live pig breeding enterprises and the prices of soybean, maize and bean meal on the international market, according to analysts.
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