Economics & Global Affairs

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Steve Niedbalski shows his drought and heat stricken corn while chopping it down for feed, July 11, 2012 in Nashville Ill. Farmers in parts of the Midwest are dealing with the worst drought in nearly 25 years.

AP Photo

Analysis & Opinions - China Daily

No Need to Panic about Corn

| July 20, 2012

"US officials have long scolded China for not letting markets work, and for trying to run too much of their modern economy through state targets and inflexible mandates. The damage done by the US' ethanol mandate in the context of today's Midwest drought gives Chinese officials a chance to tell their counterparts from the US, 'Practice what you preach'."