China could challenge Spain as the global leader in olive oil production within 10 years, according to El Mundo, a leading Spanish newspaper. The paper cites China's ready access to water and inexpensive labor as key factors in the growth of its olive oil production, which is expected to reach 59 million olive trees within a few years. "China's interest in producing olive oil is materializing now in such major plantations that in the not too distant future its emergence in international markets could be a commercial threat to Spain's leadership," the paper said.

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