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"Chinese labor is no longer involved now, having been replaced by Mexican or Latino farm worker population," Moy said. "But back then the majority of those who plowed the American fields were Asian – Chinese, Japanese, Filipino, Korean. … Coming from the food-growing areas in southern China's Pearl River Delta, the Chinese immigrants took their rich knowledge in crop cultivation to California and elsewhere in the US."

"China will continue to optimize its business environment, actively expand imports, expand foreign investment and contribute to the stability of the world economy," Guo said.

"China's success, especially economically, would not have been possible without the accompanying process of globalization, which accelerated in the last half-century," said Li Yong, director-general of the UN Industrial Development Organization.

"China's demand just isn't big enough to absorb Brazilian and American crops in six months unless the Chinese are willing to purchase extra supplies and put them in storage,'' he told China Daily. "Otherwise, we won't work through the current large stocks in a snap of a finger. Long term, things may be better. The devil is in the details.''

"China should launch a series of targeted policies to encourage small and medium-sized banks, credit unions and emerging financial institutions such as village banks to play a greater role in serving small businesses. It's the main duty of these types of financial institutions to serve small businesses and private companies. The regulator should also allow more small and medium-sized financial institutions that meet compliance requirements to grow," Lian said.