Date
18 August 2019
China wants to increase soybean production after its move to slap tariffs on imports from the United States tightened domestic supplies. Photo: AFP
China wants to increase soybean production after its move to slap tariffs on imports from the United States tightened domestic supplies. Photo: AFP

China to expand agriculture reforms to bolster rural economy

China will deepen the reform of its agriculture sector to promote its rural economy as it seeks to bolster growth and offset trade challenges, Reuters reports, citing the government’s first policy statement for the year.

“Under the complicated situation of increasing downward pressure on the economy and profound changes in the external environment, it is of special importance to do a good job in agriculture and rural areas,” the government said in the document issued by the State Council and published by official news agency Xinhua late on Tuesday.

Known as the “No. 1 document”, this year’s policy reiterated a rural rejuvenation strategy first laid out in 2017 to improve income levels and living standards in the countryside.

China has been overhauling its crop structure in recent years, reducing support for corn after stocks ballooned and seeking to promote more planting of oilseeds that it mostly imports.

That goal has become increasingly important since a trade war with the United States, which led China to slap tariffs on imports of soybeans, tightening domestic supplies.

In its statement, the government said China will increase soybean planting through “multiple” ways, which were not specified.

It will also accelerate development of a new farm subsidy policy system and further crack down on the smuggling of agriculture products.

As in previous years, it also called for stable grain production, increased imports of agriculture products where there are shortages in the domestic market and diversified import channels.

Beijing aims to stabilize corn production and support the production of rapeseed in the Yangtze River Basin, according to the document.

The government said it plans to strengthen monitoring and control of African swine fever outbreaks, after more than 100 cases were reported in China since August.

Other plans include continuing to tackle rural pollution and promoting recycling of agricultural waste such as manure and agricultural film.

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RC/CG

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