China to scale up investments in agriculture, rural areas

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Agriculture in China

CHINESE authorities have unveiled a guideline on scaling up effective investments in agriculture and rural areas as part of efforts to eradicate poverty.

According to the guideline jointly issued by seven departments, including the Ministry of Agriculture and Rural Affairs, China would prioritise the development of agriculture, rural areas and advance a batch of major projects to facilitate production and consumption.

The guideline noted that China would also speed up the development of high-standard farmland, cold-chain storage and logistics facilities for agricultural products and modern agricultural industrial parks.

According to the document, efforts would also be made to strengthen the protection of fauna and flora, improve the rural living environment, enhance water supply and sewage treatment in rural areas.

To prop up the investments, the country would enlarge the share of local government bonds used in agriculture and rural areas, increase supportive fiscal input, strengthen financial services and encourage social capital to invest in these fields.

China will also beef up its support for agricultural firms in issuing stocks in public markets. (Xinhua/NAN)

– Jul. 13, 2020 @ 14:25 GMT |

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