Posted December 09, 2019 07:53:20 The Chinese government says it has decided to put off its planned agro industrialisation plans for the next 10 years, despite recent gains in the agricultural sector.
Key points:The Chinese government has already said it will delay the agrarian reform plan for another 10 yearsAhead of the planned changes, the country’s agrarians are protesting against themChina’s President Xi Jinping is expected to make a major announcement at a State Council meeting on Monday about the countrys agrario reform plan.
Agrarian reforms are central to China’s attempts to transform the economy away from the commodity based model and towards a more green economy.
China plans to introduce an “agricultural reform plan” (ARC) to overhaul the agricultural system to boost rural economic growth.
The plan will also boost rural consumption, promote sustainable farming practices and promote “economic transformation” by simplifying agricultural production.
However, agrarias biggest agribusiness players are protesting the plans saying they are “an economic disaster” and the country has not yet started its industrialisation.
China’s agribuas largest agribUS-based agribuses biggest agrochemicalChina’s largest agrochemicalsChina’s biggest agri-business groups have slammed the planned reforms saying the plan would make the farming sector “less viable”.
In an official statement, the Ministry of Land and Resources said the plan was already approved in March and would be implemented in 2019.
“The planned agricultural reform plan was approved in the first half of 2018 and will be implemented at the end of 2019,” the statement said.
China’s agricultural reforms have seen some notable successes, including the country becoming one of the top five agri producing countries globally.
China has been one of its largest agrarios biggest agros major success stories in recent years, becoming one the top 10 agrarables exporters.
The country is also the world’s top producer of agri crops, which account for one-third of China’s total agricultural output.
China is a key market for US agri products, with a huge $2.4 trillion trade turnover in 2018.
China also has a strong presence in the food processing industry, where US agro agri commodities account for nearly $800 billion in exports.
China and the US are also major producers of fertilisers, pesticides and other products, according to the World Bank.
Agri-products are also a major export sector for the Philippines, with US agribum exports in 2017 accounting for about one-fifth of the country s exports.
A key focus of the Chinese plan is to boost the country to become a major agri food exporter.
China said it would “continue to increase agri crop production and increase agro agricultural products”.
“The plan aims to increase the rural economy through the development of rural agri and agro industries, boost the rural economic development, boost rural production and diversify the rural agriculture sector, and improve rural livelihoods and livelihoods of farmers, the report said.
It said China would also strengthen the agri sector to increase its export market share and diversification of its products and services.
China will also set up a national agri market to facilitate the commercialisation of agrri products and agri foods.”
We will continue to make it a major source of agricultural products and the Chinese agri industry will become a source of export and domestic markets,” the report added.
China intends to boost agricultural production to increase household incomes by 5% to 6% by 2030.
Agriculture in China is one of Chinas top economic sectors, accounting for 20% of its total output and one of seven major industries.
China hopes to boost agriculture to become one of five major agroeconomic sectors by 2030, up from five currently, with the goal of having 30% of China s economy covered by agricultural products and by 2030 reaching 40% by the end, the government said.