LYCOS RETRIEVER 
China: China Security
built 657 days ago
Initially, China Security will install the equipment and technology, at a cost of roughly 25-30% of the total contract value. The Company expects to begin realizing revenue from this contract in the first quarter 2008. Over the life of the contract, gross margins are expected to be higher than the Company's existing gross margins, at roughly 50%, as a result of the higher service component.
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China has made important gains in providing food security to its vast population, but over 100 million people still live on less than one dollar a day. The core policies China uses to promote food security—grain reserves, marketing and self-sufficiency policies—are expensive and do not effectively provide food security to poor rural households.
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Ensuring a continuous supply of energy has come to be the most important prerequisite for China in building an advanced, industrialized state. Despite being the world's sixth largest oil producer, China has been a net importer of oil since 1994. It imported 40 million metric tons in 1999 and is projected to import 100 million tons by 2010. China's dependence on seafood has increased in recent years. China will therefore have to ensure security of its sea lanes and shipping industry to ensure its continued development As of today, 85 percent of China's trade is sea-based. Also, with its 26 shipyards, China has emerged as the world's fourth largest shipbuilder.
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Cargill promotes sustainable agriculture and a secure food supply for China. To meet these objectives, the company works to improve efficiencies and add value in the production, processing, distribution and trade of agricultural products in China, which will ultimately lead to higher incomes for Chinese farmers and better food security for Chinese consumers. Cargill actively seeks further guidance and support for its activities from the Chinese Government and partners to better understand the needs and the requirements of Chinese market to ensure collaboration on achieving China’s agricultural goals.
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China Security