China: Chinese Government Tackles High Production Costs and Uncompetitive Prices in New Agriculture Strategy
On February 1, 2015, China issued a major policy document on agriculture calling for a coordinated response to rising production costs and internationally uncompetitive prices. The plan calls for subsidy and land reform, in addition to exploring greater utilization of innovative agricultural technologies such as biotechnology. While the document is short on specifics, the 2015 No. 1 Document emphasizes the need to make Chinese agriculture more competitive, efficient, and sustainable.