China's National Development and Reform Commission (NDRC) and the Ministry of Agriculture (MOA) jointly issued a guideline on promoting cooperation of government and private capital in agricultural sector to improve efficiency of agricultural investment and accelerate development of modern agriculture.
According to the guideline, the government will especially encourage public-private-partnership (PPP) investment in the following areas: high-standard farmland, seed engineering, modern fishing port, detection and tracing system of agricultural products' quality and safety, animal and plant protection infrastructure and other agricultural infrastructure and public services; agricultural waste resource utilization, agricultural pollution control and large-scale biogas, agricultural resources protection and other sustainable development projects; modern agricultural demonstration zone, information technology in agriculture, wholesale markets for agricultural products, agricultural tourism and leisure development.
Local governments are encouraged to invest in agricultural PPP projects through injecting capital.
Qualified state-owned enterprises, private enterprises, foreign companies and mixed-ownership enterprises and all kinds of investors and business owners enjoy same rights to join PPP projects.
The guideline also introduces several supporting policies, which include strengthening government's guidance, accelerating rural collective property rights system reform, promoting financial innovation in agriculture, building sound investment rest mechanism, improving risk control and sharing system and securing land for projects.
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