Using Financial Control to Answer Dilemma in Chinese Corn Market
Abstract
There are two large issues looming over the Chinese market for corn; low profit margins and market fluctuation. Analysis of the industrial market allow us to see that the rising costs and excess of supply create a problem that makes the future of the Chinese corn market look bleak. While national policy supports subsidies of the production costs, it does not show any sort of alleviation of the market crisis. The Chinese government ought to use the powers of big data and internet of things to increase the effectiveness of subsidies by transitioning into insurance compensation for farmers. Financial controls like futures and stock should be used to protect against market fluctuations.
Keywords
Corn market, Financial control, Low income, Market fluctuation.
DOI
10.12783/dtssehs/icss2016/8996
10.12783/dtssehs/icss2016/8996