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Significance
Their view reflects a renewed preoccupation with grain self-sufficiency. As President Xi Jinping put it in July, “the more risks and challenges we face, the more we should fill our bowls with Chinese grain”.
Impacts
More ‘moderate-scale’ farms, including some run by companies, will replace traditional household plots.
State ownership of all farmland will continue, but market forces may be given a greater role.
Commercial cultivation of genetically modified crops may finally be on the horizon.
Application of artificial intelligence to agriculture will increase, albeit from a very low base.
Keywords:
China,
AP,
economy,
industry,
agriculture,
food,
soft commodities,
foreign trade,
technology,
Food & Tobacco
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2020
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