Sinomach, China’s Top Machinery Manufacturing Company, Acquires Textile Company in Shake Up of State-Owned Enterprises

China’s State Council has approved a merger between China National Machinery Industry Corporation (Sinomach) and textile giant China Hi-Tech Group Corporation, an official statement announced Thursday [29 June 2017]. The textile conglomerate has become a wholly-owned subsidiary of Sinomach, an equipment manufacturing group, and will no longer be directly supervised by the State-owned Assets Supervision

Shenzhen’s DJI Technology and USA’s Dow AgroSciences Sign MoU

Shenzhen-based drone maker DJI Innovation Technology signed a memorandum of understanding with Dow AgroSciences on Tuesday [27 June 2017] to work on the research and application of crop protection drones and technology…Full Article: China Daily June 2017 Key Point As a result of the MoU, both companies will conduct joint pesticide application experiments on rice

Agricultural Drone Manufacturer to Use China’s BeiDou Navigation Satellite System

Drone manufacturer DJI Innovation Technology Co and Qianxun Spatial Intelligence Inc, a company that uses China’s homegrown BeiDou Navigation Satellite System for location and data analysis services, have announced a strategic partnership to promote the application of the navigation system in the drone industry…Full Article: China Daily Apr 2017 Key Point DJI Technology’s RTK (real-time

China Donates Agricultural Machinery to Bangladesh

China on Tuesday [25 April 2017] handed over 6,004 pieces of farm machinery and agricultural equipment to Bangladesh’s Ministry of Agriculture under a grant aid program to help the country modernize its agriculture sector. Chinese Ambassador to Bangladesh Ma Mingqiang handed over the farm machineries and agricultural equipments to Secretary of Bangladesh’s Ministry of Agriculture

China to Loan Nigeria US$4.5 Billion for Agriculture Projects

The Peoples Republic of China has said it will lend Nigeria $4.5 billion to boost local agriculture. The loan is to enable Nigeria purchase farming tools including tractors, bulldozers, graders, irrigation pumps, amongst others…Full Article: AllAfrica Apr 2017 Key Point The US$4.5 billion loan will have a 20 year repayment term and moratorium of 5

Belarus and China to Deepen Cooperation on Farm Machinery Projects and Sales of Confectionery Products

Harbin Deputy Agriculture Mayor Zhang Wanping, the head of the official delegation of the People’s Republic of China to Belarus, expressed interest in setting up joint companies with Belarus to produce farm machinery and confectionery during a meeting with the Gomel authorities, BelTA has learned…Full Article: Eng.belta.by Mar 2017 Key Point According the head of

DJI Technology to Upgrade its Agras MG-1 Agricultural Drone

DJI Innovation Technology Co, China’s largest commercial drone manufacturer, launched an upgraded agricultural drone, the MG-1S on Monday [22 November 2016] and announced a series of financial services to support the drones’ purchasing, operation and related training. Equipped with an advanced flight control system, radar and sensors, the MG-1S represents a breakthrough in flying stability,

Zhejiang Province to Looks to Replace More Farmers with Machines Amid Modernization Push

China has chosen one of its most affluent provinces, Zhejiang, to pilot the strategy of replacing farm laborers with machines. Zhejiang agricultural department confirmed on Monday [10 October 2016] that the province has set a timetable of becoming a paradigm of modern agriculture by 2020…Full Article: The Global Times Oct 2016 Key Point By 2020,

Jilin Grain Group to Receives US$1.5 Billion from Hubei-based Investment Company to Expand its Business

State-owned Jilin Grain Group Co Ltd, the largest grain trader in northeastern China by sales revenue, will use 10 billion yuan ($1.5 billion) of new investment to add new types of businesses this year, including agricultural insurance, machinery manufacturing and pesticides…Full Article: China Daily Aug 2016 Key Point Founded in 2010 and headquartered in Wuhan,