Date: Tuesday, 3rd November 2015
Source: Ocn.com.cn, 30 Oct 2015
Analysts believe the agricultural modernization will be accelerated during the next few years due to an oversupply of crops, unreasonable structure and food security issues. With domestic demand showing the most potential, the authorities may need agribusiness to play a role as a new driver for economic growth. There are two significant changes in this area, one is land reform and the other is pricing reform in agricultural products. In terms of relevant industries, E-commerce, logistics, finance, vocational education, agricultural machinery equipment manufacturing would receive more policy support.
Source: CBA, 27 Oct 2015
Research from CBA finds that the agribusiness sector will offer more sophisticated career paths for Australian farm workers as operations become more automated. The research also shows farmers are keen to invest in a range of areas, from acquiring more land to updating plant and equipment. The Agri-Insights Index now sits at 9.9 points, 1.4 points higher than this time last year.
Source: China Briefing, 20 Oct 2015
According to regulations on food production licenses and food business licenses published by the State Food and Drug Administration (SFDA), catering and food distribution industries will now be covered by one license. Chinese consumers are increasingly concerned with eating healthy, traceable and organic produce. Domestic organic food sales saw a 35% growth in 2014. There is huge potential for investment in this industry, with the latest licensing system making market considerably easier to navigate.
Source: North Queensland Register, 3 Nov 2015
China Dairy Corporation wants to take advantage of the one-child policy being scrapped in China by setting up a plant to produce milk products for children, expanding its existing dairy operations. The company will use funds from proposed capital raising of up to $20 million to build a small-scale milk production factory and laboratory in China with a major focus on liquid milk for children.
This brief summarises a range of publicly available news articles in both Chinese and English and AustCham takes no responsibility for the accuracy of the information in these articles. In addition, the views and opinions reflected in these articles are not necessarily representative of AustCham.
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