China’s agricultural sector reforms will include promoting “green” production and safeguarding its grain supply, according to the country’s 2017 rural policy plan, state news agency Xinhua reported on Sunday.
China is trying to modernize its sprawling farm sector and boost its productivity. Citing excerpts from the “number one document,” the first policy statement of the year released by the central government, Xinhua said China must promote “green” production, boost innovation and consolidate rural development.
“Supply-side structural reform in the agricultural sector would be a long and challenging process, demanding the relationship between government and market be well handled and in the interests of all stakeholders,” Xinhua said, without elaborating.
“When carrying forward supply-side structural reform for the sector, national grain security must be guaranteed,” it said.
Beijing abandoned its corn-stockpiling program last year, leaving farmers to rely on market demand for the first time in almost a decade.
China has built up huge state stockpiles of corn after years of buying from farmers to support their income.
After abandoning the policy, it began to sell off its old stock but still has more than 200 million tons in warehouses, according to some estimates, but much of it is of poor quality.
This is the 14th year in a row that China’s “number one document” has focused on rural issues, Xinhua said.
Source: Arab News
GMT 09:54 2018 Tuesday ,23 January
Davos-bound bosses very upbeat on world economyGMT 09:37 2018 Tuesday ,23 January
Former KPMG executives charged in accounting oversight scamGMT 22:49 2018 Sunday ,21 January
Brexit special trade agreement possibleGMT 22:46 2018 Saturday ,20 January
China economy rebounds in 2017 with 6.9% growthGMT 22:37 2018 Saturday ,20 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 19:58 2018 Saturday ,20 January
Watchmakers hope to make Chinese market tickGMT 19:54 2018 Saturday ,20 January
US shutdown unlikely to harm debt rating: FitchGMT 19:50 2018 Saturday ,20 January
EU's Moscovici slams Ireland, Netherlands as tax 'black holes'Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor