CHINA-ECONOMY: AGRICULTURE

 Since the 1990s the Chinese government has invested a huge amount of money to build grain facilities. It built 300 granaries in the 1990s and more than 1,100 national reserve facilities at the beginning of the century. Granaries with total capacity of 34.8 million tons were erected from 2009 to 2014. However, these facilities still fall short of meeting storage demand as a government concerned about food security buys grain from domestic farmers to encourage production and protect their incomes. While China reports increased grain production for 11 straight years, between the Fall of 2014 to this Spring, the authorities have bought 83.2 million tons of corn from domestic farmers.  Official data shows an increase of nearly 14 million tons from the same period a year ago.

 






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