Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

China Drafts Law to Tighten Government Controls on Grain Trade

Feb. 23 (Bloomberg) -- China, the world’s biggest grain consumer, has drafted a law to tighten controls over the production and trade of grains, including a clause that forbids the unauthorized use of genetically modified seeds.

The proposed law defines the authority of agencies in controlling and monitoring markets, including rules legitimizing government powers to limit the size of a company’s operations, imports and exports of grains, according to statements on the State Council’s website dated Feb. 21, which said the government is seeking public feedback before enacting the legislation.

The research, experiment, sales and imports and exports of genetically modified seeds must comply with government rules and no businesses or individuals should engage in the unauthorized application of biotechnology in major grains, it said.

“It’s normal” that the government continues to be cautious about genetically modified crop seeds, Tommy Xiao, analyst at Shanghai JC Intelligence Co., said by e-mail. “The approval will take some time and due process,” he said.

To contact the reporter on this story: William Bi in Beijing at wbi@bloomberg.net

To contact the editor responsible for this story: Jarrett Banks in Tokyo at jbanks15@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.