China’s new Two-Child Policy
All couples in China are now allowed to have two children according to a statement released by Xinhua, a state-run news agency. However, it remains unclear as to whether many couples will choose to have two children despite the policy change.
In 2013 Leslie T. Chang, author of Factory Girls, wrote a piece for the Atlantic arguing that the One-Child Policy had become largely irrelevant, click here for the full article.
The Guardian published a critical piece on the other side of this debate, entitled ‘China’s Barbaric One-Child Policy’, click here to read their views.
Associate Professor Stuart Gietel-Basten of Oxford University recently published a piece, doubting the demographic effects of this policy change. Click here to read his article.
The forecasted impact on agribusiness is largely optimistic. Bloomberg has reported here, that Danone and other major European dairy producers have experienced increases in their stock price. China Dairy Corporation has announced their intentions to list on the ASX, here at the Sydney Morning Herald. The Land has reported here, that the dairy business has a new and significant entrant, Aerem, which has positioned itself towards the Chinese infant milk powder market.
Chinese Soybean Demand Strong
Despite a large drop in imports to China y/y for October, demand for soybeans has experienced a 35% increase. The demand increase is being attributed to higher demand for soymeal, the key ingredient made from processing soybeans. To read the full article, click here.
Chinese Middle Class prefer Red Meat but only in Restaurants
Meat & Livestock Australia (MLA) has released the results from their Global Consumer Survey. One notable result is that Chinese consumers regard red meat as “less easy and convenient to prepare”, in addition; beef is the most common choice among meat for restaurant meals. Click here for the full article.
$10 million for Singleton Station
A Chinese company is finalising a deal to buy Singleton Station, in the Northern Territory, for an alleged 10 million AUD. The property covers 294,000 hectares and includes 3500 heads of cattle. Click here to read the full article.
13th China Agriculture Trade Fair opens in Fuzhou
During the opening ceremony for CATF 2015, officials noted the increase of grain production and farmers’ income has become a highlight in social economic development, marking the successful completion of the 12th five-year plan and laying a solid foundation for a good start for the 13th five-year plan. Minster Han Changfu noted in his speech that this year agriculture and rural economy have maintained a good pace of steady development. The CATF is co-sponsored by the MOA and the People’s Government of Fujian Province, click here for more information.
Increased Productivity down to Managers
China is about to enter its second major period of agricultural reform since the 1980s, with the goal of shifting from small scale farms to large professionalised” farmers who are more productive. The priority of the coming agricultural reform is also to improve the property rights system in rural China, a necessary step toward allowing highly skilled farmers to operate large farms and raise the country’s agricultural productivity. Click here to read the full report.
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.
For more details on how to get involved in the AustCham Beijing Food & Agribusiness Services Working Group, please contact Andrew Britz.