China issued a guideline to encourage social investment in 13 agricultural and rural sectors, as part of the country’s efforts to boost the rural economy and spur agricultural modernization.
The sectors include modern planting and breeding, farm produce processing and circulation, agricultural technological innovation, smart agriculture, nurturing agricultural talents and rural infrastructure, said the guideline jointly released by the Ministry of Agriculture and Rural Affairs and the National Administration for Rural Vitalization.
Last year, China completed an eight-year drive to eradicate extreme poverty in the world’s most populous nation, a key goal of the previous Five-Year Plan. The priority in rural work has now shifted to modernizing the rural economy, with tasks such as building infrastructure for information technology, promoting agricultural technologies and building modern breeding systems.
“The depth, extensiveness and difficulty of implementing a comprehensive rural revitalization strategy is no less than poverty eradication,” said the guideline. “Social capital is an important supporting force to sweepingly promote rural vitalization and accelerate the modernization of agriculture and rural areas, and it is necessary to boost the leverage of policy guidance to expand effective investment in agriculture and rural areas.”
Efforts should also be made to create new approaches to investment, build platforms for cooperation and improve the environment of investment, according to the guideline.
Stressing the advancement of rural vitalization, Liu Huanxin, vice minister of agriculture and rural affairs, urged rural and agricultural authorities to cooperate with financial institutions to provide better financial services, according to the Xinhua News Agency.
Along with the country's policy banks, the ministry and the administration are also exploring financing modes for projects aimed at improving the rural living environment, Liu said at a press briefing.
Below are some of the targeted areas:
Modern Planting and Breeding
Modern Seed Industry
Farm Produce Processing and Circulation