The five-year rural revitalisation strategic plan, anticipated since March, was at last published by the Central Committee and the State Council 26 September. The plan pushes modernisation and upscaling of the farming sector as well as broader industrialisation efforts in rural areas—some fear local officials will push out small farmers in favour of large, visible, impractical, homogeneous and debt-laden projects in a blind fervour to revitalise. We expect detailed action plans from local governments and substantial commitments of resources from public and private financial institutions in coming months.
September: China dream goes rural
September: China dream goes rural
September: China dream goes rural
The five-year rural revitalisation strategic plan, anticipated since March, was at last published by the Central Committee and the State Council 26 September. The plan pushes modernisation and upscaling of the farming sector as well as broader industrialisation efforts in rural areas—some fear local officials will push out small farmers in favour of large, visible, impractical, homogeneous and debt-laden projects in a blind fervour to revitalise. We expect detailed action plans from local governments and substantial commitments of resources from public and private financial institutions in coming months.