Draft revision to the Law on Farmers’ Specialized Cooperatives was submitted to the Standing Committee of the National People’s Congress (NPC) for reviewing Thursday [22 June 2017]. The draft expands the scope of specialized cooperatives, adding several new businesses to the cooperatives, including folk arts and crafts, leisure agriculture, and rural tourism…Full Article: ECNS.cn June 2017
- Launched in 2007, China’s Law on Farmers’ Specialized Cooperatives permits the creation of specialized cooperatives. These specialized cooperatives allow farmers who engage in similar agricultural output to pool resources.
- As of October 2015, according to the Ministry of Agriculture, China had 1.48 million registered Farmers’ Specialized Cooperatives (FSCs). Critics have noted that a large share China’s FSCs are not genuine smallholder cooperatives but instead sham cooperatives formed to take advantage of government subsidies and policies.
Hong Kong Trends