An Analysis and Comparison of Wheat Production Competitiveness between China and the USA
Before China joined the World Trade Organization, there was a prevailing viewpoint for a long time in both China and the United States that U.S. wheat was more competitive in price than that of China. As a result, U.S. farmers held a high expectation of selling their wheat in Chinese markets after China joined the WTO, and the Chinese government also worried about the serious challenge Chinese peasants would face from the U.S. wheat. Surprisingly, the Chinese wheat market has not suffered from the striking of wheat from the USA or other countries since China joined the WTO. To explain this phenomenon, we have conducted a thorough investigation and analysis. This article compares wheat production competitiveness between China and the USA through analyzingwheat production costs and domestic market prices in both China and the USA.