China will aim to establish a number of internationally competitive agricultural firms by 2020, the State Council said on Tuesday [1 December 2015]. It released a guideline on land reclamation reforms saying, “By restructuring reclamation areas and innovating in the operation mechanisms of farms, China aims to build a number of large-scale agricultural groups that are effectively managed and adaptable to the market economy.”…Full Article: China Daily Dec 2015

Key Point

  • In December 2015, China’s Ministry of Finance stated the country had spent CNY 20.3 billion (US$3.2 billion) on agricultural development.

ChinaAg Comments

  • In May 2015, China’s State Council and the Ministry of Agriculture announced it would develop the country’s rural e-commerce market.
  • In April 2015, China announced it may attempt to merge 111 SOEs (state-own enterprises) into 40 “national champions”.
  • In June 2014, China’s State Council announced plans to merge infant formula (e.g. dairy) enterprises. By 2018, the State Council hopes to have three to five enterprises that have a “concentration ratio” of over 80% (~CNY 5 billion or ~US$806 million).

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