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Comment on China to deepen agricultural reforms as slowdown takes root by Chinese Yuan Strengthens As Investors, Officials Weigh Economy — Forex News
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Comments for China Economic Review
The agricultural sector is set for an overhaul this year according to a major government release, which pinpointed the importance of farming policies in reviving economic momentum, Reuters reports.
The State Council’s publication, entitled the “No.
1 document”, returned to a rural rejuvenation strategy first tabled in 2017 which aimed to raise living standards in China’s impoverished countryside.
Among the policies are a shake-up of China’s output composition, moving away from oversupplied corn crops towards oil seeds which are heavily imported.
Agricultural goods have been a central feature of trade negotiations with the US, notably soybeans which China pledged to increase planting of in the latest document.
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