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With a 1.3 billion population, fastest economic growth, and increasing political
power in world issues, China is definitely an emerging power in the
world. Any topics related to China are of great interest to the world. Globally,
China is the number one soybean importer. The US, Brazil, and Argentina
are the top three soybean exporters. In 2006, the US, Brazil, and Argentina
supplied 92% of Chinas soybean imports. Soybean trade is very important for
these involving countries. This research developed and estimated a twocountry
partial equilibrium trade model to test who has stronger...