China Unveils National Rural Industry Development Plan

The Ministry of Agriculture and Rural Affairs recently released a National Rural Industry Development Plan (2020-2025) to implement central government policies and accelerate the development of industry in rural areas. The plan calls for efforts to speed up the development of rural industry by tapping the functions and values of rural areas, enhancing the impetus for innovation, turning clusters into supply chains, fostering new development drivers, and laying solid foundations for the modernisation of agriculture and the all-round revitalisation of rural areas.

The plan puts forward development goals for rural industry to achieve by 2025. These include building a complete rural industrial system, significantly improving the quality and efficiency of rural industries, further optimising the rural employment structure, widening the channels for farmers to increase their incomes, and achieving sustained internal impetus for growth. By that year, it is anticipated revenue from the processing of agricultural products will have reached RMB32 trillion, the ratio of agricultural product processing to total agricultural output value will stand at 2.8:1, and the processing rate of major agricultural products will have reached 80%.

Source: Ministry of Agriculture and Rural Affairs