China approved imports of two new varieties of genetically modified crops, clearing the way for U.S. agricultural companies to market new biotech seeds to farmers.
The decision announced Wednesday affects genetically engineered corn and soybean varieties developed by Dow Chemical Co. and Monsanto Co. It comes after Beijing agreed to speed reviews of biotechnology applications as part of a trade deal with the Trump administration last month.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”