China will step up reforms and innovation to speed up agricultural modernization in 2015, according to a key policy document released by the Party and government on Sunday [31 January 2015]. As the Chinese economy, under the “new normal,” shifts from high-speed to medium-to-high-speed growth, it has become a key issue to continue consolidating the position of agriculture as the foundation of the economy and to further increase farmers’ income, said the document. The “No. 1 Central Document” refers to the first major policy document of each year released by the Central Committee of the Communist Party of China and the State Council…Full Article: Xinhua Feb 2015

Key Point

  • The documents key agricultural goal include modernizing the sector (i.e. increase efficiency, product safety, mitigate pollution, etc.), boosting farmers’ income, support the building of a new socialist countryside, deepen rural reforms, and improving the rural/agricultural legal system.

ChinaAg Comment

  • In 2014, the government’s “No. 1 Central Document” goals included reforming the nation’s grain pricing structure, which had a subsidized minimum purchase price.

Similar Posts by ChinaAg

Spread the word. Share this post!