China aims to cultivate 800 million mu (53.33 million hectares) of high-standard farmland by 2020, the Economic Information Daily reported Wednesday, citing an official of the National Development and Reform Commission. Half of the 800 million mu farmland is expected to reach “high standard” by the end of 2015, according to the newspaper. China will invest 1,000 yuan (US$164.1) to 2,000 yuan per mu for the project. The government called for multi-layer fundraising methods to attract farmers, rural specialized cooperatives and agriculture firms to invest voluntarily in the project, the report said.
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