China Extends Tax Breaks and Small Loans Privileges to Aid Farmers and Modernize its Agriculture Sector

China will extend tax breaks on Wednesday [3 December 2014] to encourage banks and insurers to support agriculture. “The continued preferential policy is critical to food security, increasing farmers’ incomes and modernizing the sector,” said a statement released after a cabinet meeting chaired by Chinese Premier Li Keqiang. Bank’s interest revenues from small loans to

Chinese Looks to Modernize its Agriculture Sector by Easing Restrictions on Access to Finance

China will offer customized financial services to new farming practices to push agricultural modernization, China’s central bank said on Friday [21 February 2014]. Financial institutions should give more credit support to innovative farming entities such as family farms and agricultural cooperatives by adjusting loan rates, maturity length and collateral, according to a statement released by

Former Yunnan Party Official Who Supported Farmers’ Rights against Land Seizures, Passed Away at the Age of 91

When former deputy chairman Yang Weijun asked for his usual chauffeured limousine last month, a clerk informed him there was no car among the official fleet of the Yunnan government available to him. Unfazed, the 91-year-old retired provincial leader called in a favor, and was able to sneak out from his Kunming retirement home by

VP of China’s National Food Industry Association Projects Healthy Economic Growth for the Country’s Food Industry

China’s food industry will continue to experience steady and healthy growth in the coming years against the backdrop of a sluggish economy, according to an industry analyst. Xiong Bilin, vice president of the China National Food Industry Association, made the remarks Thursday at a food expo held in central China’s Henan Province, the country’s most

Brazilian farmers open office in China

The Brazilian Confederation of Agriculture and Livestock, the main body representing millions of farmers in Brazil, will open an office in Beijing next Wednesday aiming to increase bilateral agricultural trade and attract Chinese investment in Brazilian infrastructure. “By 2015, 30 million Chinese are expected to join the middle classes, increasing demand for food. This is