China to Boost Agricultural Subsidies, Life Grain Capacity

China to Boost Agricultural Subsidies, Life Grain Capacity

To further ensure food security and encourage farmers to stay on the land China plans to increase spending on agricultural subsidies and devote more to the production of grains, canola, hogs, beef and mutton, and new agricultural businesses as urbanization encroaches upon farmland and infrastructure is still weak.  China also plans to raise its annual grain production by 50 million tons and build regional and large-scale grain production centers. The country produced 602 million tons of grain in 2013.  China will continue stockpiling programs for corn, rapeseed, and sugar but has announced it will stop stockpiling programs for cotton and soy in 2014 as researchers claim that China needs to shift its policies away from self-sufficiency and toward global markets.  China is also shifting its policies to reduce pollution and to increase the proportion of non-fossil fuel use with a goal of slashing coal consumption and closing polluting firms.

 

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