NEWS
Fri Feb 1, 2013 07:31 AM CST

BEIJING (Dow Jones) -- China appears to be coming to terms with its reliance on grain imports it agreed to as a condition to accession to the World Trade Organization over a decade ago, with a senior rural planning official saying Friday that such trade is good for China and for global markets.

Even since significantly opening up trade with the West after relative isolation for the first few decades under Communist rule, China has kept tight control over its grain imports, aiming for self-sufficiency while capping low-tariff quotas for wheat, corn and rice at less than 5% of total ...

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