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Billionaire Forrest Sees Fortune in Australian Beef to China

China is so desperate for good beef that Australian billionaire Andrew Forrest will be taking sample parcels of steak in his luggage on his next trip.

After recently visiting Chinese supermarkets and seeing limited Australian beef available, Forrest, who made his fortune exporting iron ore to China, returned home and developed a plan, including buying his own processing company, to boost shipments of the meat from his country, the third-largest exporter.