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China will deepen supply-side structural reform in the agricultural sector to accelerate the cultivation of new development engines for the sector [Xinhua]
China’s central Henan Province, for example, announced that it had been able to use the agricultural reforms to produce some 500,000 hectares of high-yield farmland in 2016.
The province seeks to hit a target of 4.5 million hectares of high-yield product by 2020.
The yield from Henan Province, which produces 10 per cent of the country’s grain crop, is good news for Chinese authorities who are seeking to boost output in the next few years.
Han Jun, deputy director of the central agricultural work leading team office, said that China will inject 600 billion yuan (around $88 billion) into the sector by 2020 to improve farmland quality and compensate for the grain shortfall.
The Ministry of Land and Resources says that nationwide efforts to improve arable land and use the latest agricultural techniques could yield a 10- to 20-percent rise in grain production capacity.
But challenges remain. The Central Committee of the Communist Party and the State Council have identified supply-side structural reforms as the most crucial in the Five-Year Plan.
The BRICS Post with inputs from Agencis
