A new report warns that China's focus on food security could lead to 'China Shock 3.0,' reshaping global agricultural commodity supply chains. This follows previous 'shocks' impacting Western manufacturers.

Even as “China shock 2.0” is roiling Western manufacturers, we must, it seems, brace for “China shock 3.0” – to the global food economy – as President Xi Jinping doubles down on the imperative that has obsessed Beijing for decades: food security. “China’s Food Future”, a consultation paper by Systemiq funded by the California-based Gordon and Betty Moore Foundation, warns that China is poised to “reshape global agricultural commodity supply chains”. It suggests China is set to apply to...