Knowledge for better food systems

China investing US$450 billion to modernise agriculture by 2020

 Photo: Global Water Forum, Agriculture in China, Creative Commons License 2.0

China’s influential Agricultural Development Bank has agreed to lend at least 3 trillion yuan (US$450 billion) by 2020 to China’s agriculture industry to promote a large scale modernisation process. The move was made together with the Ministry of Agriculture and included an agreement to protect national food security, develop China’s seed industry and support agricultural investors who wish to expand abroad.  

Earlier this year, the bank promised to lend 3 trillion yuan for poverty reduction via agricultural investment. It is unclear as of yet whether these schemes are in fact one and the same.

For Reuter’s coverage of the story, see here.

China’s influential Agricultural Development Bank has agreed to lend at least 3 trillion yuan (US$450 billion) by 2020 to China’s agriculture industry to promote a large scale modernisation process. The move was made together with the Ministry of Agriculture and included an agreement to protect national food security, develop China’s seed industry and support agricultural investors who wish to expand abroad.  

Earlier this year, the bank promised to lend 3 trillion yuan for poverty reduction via agricultural investment. It is unclear as of yet whether these schemes are in fact one and the same.

For Reuter’s coverage of the story, see here.

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Asia

Asia is Earth's largest and most populous continent. It hosts many densely populated and large cities as well as enormous barely populated regions, which all together host over half of the human population. Agriculture as a source of income is of major importance in the region. In most Asian countries, agriculture is the biggest user of water and in some regions can be responsible for to 90% of total water consumption through irrigation.

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