The country should import more grain in order to raise more livestock, and devote its own land to the more profitable business of growing cash crops for export.
And the Israelis are going to have to see now whether or not they immediately face the challenge that the Palestinians do not behave in a way that is transparent, and therefore the Israelis start to believe that the Palestinians are using this agreement in order to import contraband.
Some economists believe the Chinese central bank is clearly allowing its currency to rise faster than it otherwise would, in order to reduce import prices.
For example, you didn't mention that the recent interest-rate rise on January 31st followed both an unexpected increase in the cash reserve ratio by the central bank and cuts to import duty on several items by the government in order to check inflation.
This could be a trend, but it could also be part of a seasonal production cycle where Chinese companies import raw materials and components in the spring, in order to gear up to export finished products later in the year.