BEIJING - With enormous potential and a growing market, China will be able to raise its self-sufficiency rate in soybeans to 30 percent within three years, said Liu Denggao, vice-president of the China Soybean Industry Association.

China imported 54.8 million tons of soybeans in 2010, the largest in its history, compared with 15.2 million tons of domestic production, General Administration of Customs data showed. The country's self-sufficiency rate currently stands at 22 percent.

"To raise the self-sufficiency rate to 30 percent in soybeans is achievable with greater policy supports from the government and increasing production capabilities," Liu said.