The Chinese Communist Party issued documents on reforms in rural development Sunday, pointing to modern farms replacing the many millions of patchwork plots tilled by the country’s 750 million farmers.
The “landmark” policy documents will allow farmers to “lease their contracted farmland or transfer their land use rights” to boost scale of operation for farm production and provide funds to start new businesses.
Reuters reports that the change could double average disposable income to more than $1,200 a year by 2020. But getting there will mean loosening the reins of collective ownership.
Reuters Article
Window of China article
The “landmark” policy documents will allow farmers to “lease their contracted farmland or transfer their land use rights” to boost scale of operation for farm production and provide funds to start new businesses.
Reuters reports that the change could double average disposable income to more than $1,200 a year by 2020. But getting there will mean loosening the reins of collective ownership.
Reuters Article
Window of China article
1 comment:
I am still reflecting our ten day journey and trying to take it all in. Seeing our economy and the world economy on a balance, it will be interesting to see China in June. They have slowed down their growth after the Olympics, they are using less raw material...so what will happen to those prices? Food for thought.
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