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China to scale up investment in agriculture, rural areas

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

BEIJING, July 13 (Xinhua) — Chinese authorities have unveiled a guideline on scaling up effective investments in agriculture and rural areas as part of efforts to eradicate poverty.

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

China will speed up the development of high-standard farmland, cold-chain storage and logistics facilities for agricultural products and modern agricultural industrial parks.

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

To prop up the investments, the country will 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, according to the guideline. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China to scale up investment in agriculture, rural areas

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