Five Measures to Construct a Modern Rural Industrial System

Five Measures to Construct a Modern Rural Industrial System

According to a recent meeting of the Ministry of Agriculture and Rural Affairs （MARA）， China will accelerate the construction of a modern rural industrial system through efforts on five aspects， in a bid to enhance the modernization level of its rural industrial chain and supply chain.

The five aspects are planning， platforms， enterprises， elements of production， and mechanisms， with the integrated development of primary， secondary and tertiary industries as the path.

To be specific， plans for rural industrial development during the 2021-2025 period should be formulated first by each region. Demonstration villages， competitive agricultural clusters， agricultural products processing plants， as well as hometown entrepreneurship platforms are encouraged to be built. In addition， leading enterprises are encouraged to expand and agricultural industrialization consortia will be forged. Other problems， such as the difficulties in acquiring land and loans， will be solved， and new ways of profit distribution will be promoted.

MARA plans that by 2025， a number of competitive industrial clusters with an output value between RMB 10 billion and 100 billion will be cultivated. The annual number of tourists in rural leisure tourism is expected to exceed four billion and the operating income to exceed RMB 1.2 trillion.

More Measures for the Stabilization of Foreign Investment

The Ministry of Commerce issued a notice on stabilizing foreign investment recently in order to build a new development pattern， which introduces 22 specific measures， from five aspects， to clarify the path of stabilizing foreign investment in 2021.

Its made clear in the notice that China will make fresh progress in reform and opening-up， ensure the effective implementation of its openingup measures in the automobile and financial sectors， continue to enhance protection for foreign investment， and improve the service system for foreign investment， among other key tasks.

Meanwhile， China will open up wider to the outside world and attract more high-quality external resources to promote its domestic cycle. China will make good use of incentive policies to encourage more foreign investment in advanced manufacturing， emerging industries， high and new technologies， energy conservation and environmental protection.

Moreover， China will promote the integration of international and domestic industrial chains， and ensure the sound operation of key foreign-invested enterprises in industrial and supply chains. It will also improve the mechanism for providing services for foreign investment， strengthen contact services for key foreign-invested enterprises， accelerate the implementation and construction of key foreign-invested projects， continue to strengthen protection for foreign investment， and make good use of special funds for foreign economic and trade development.

Chinas Been the Worlds Largest Manufacturer for 11 Years

A recent press conference on the development of industry and information technology revealed that in 2020， Chinas industrial added value reached RMB 31.3 trillion， making it the worlds largest manufacturer for 11 consecutive years.

Looking ahead， the Ministry of Industry and Information Technology （MIIT） will focus on improving the modernization of the industrial chain and supply chain， and transforming China into a manufacturing power with strong cyberspace capabilities.

Data show that during the 13th Five-Year Plan period （2016-2020）， Chinas industrial added value grew from RMB 23.5 trillion to 31.3 trillion， and specifically， the growth rate of the added value in the hi-tech manufacturing industry averaged 10.4 percent.

The ministry will proceed from five aspects. First， it will further implement the innovation-driven development strategy； second， it will enhance the stability and competitiveness of industrial and supply chains and create new advantages for future development； third， it will optimize Chinas industrial structure； fourth， it will accelerate the development of the digital economy to create new growth drivers； and fifth， it will further deepen reform and broaden opening-up.