China's National Development and Reform Commission and the Ministry of Agriculture jointly unveiled a guideline on vigorously promoting public-private partnership (PPP) of the agricultural industry.
It is the first PPP guideline in agricultural industry in the country.
The Xinhua-run www.cs.com.cn reported on December 19 that the guideline will support social capitals being used for conducting high-standard farmlands, seed projects, modern fishing ports, quality and safety monitoring and traceability in agricultural products, as well as the construction of agricultural infrastructure and public services. Meanwhile, social capitals will be involved in projects of agricultural waste recycling use, large-scale biogas, and agricultural resources protection and sustainable development.
The guideline also encouraged private capitals to participate in modern agricultural demonstration zones, the Internet of things and informatization in agricultural sector, wholesale market of agricultural products, and tourism and leisure agriculture development.
Furthermore, the guideline encouraged local government to invest PPP projects in agricultural sector via capitals injection, and also pushed financial organizations to support projects via creditors' rights or stock equity, to control risks and build the investment-return mechanism.
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