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Xinhua Silk Road
Industry

China's digital agriculture to usher in fast development, analysts

May 20, 2019


Abstract : China's digital agriculture will soon embrace a period of rapid development, thanks to favorable conditions including policy support and technological support like big data, 5G technology, Internet of Things (IoT) and cloud computing, according to analysts.

BEIJING, May 20 (Xinhua) -- China's digital agriculture will soon embrace a period of rapid development, thanks to favorable conditions including policy support and technological support like big data, 5G technology, Internet of Things (IoT) and cloud computing, according to analysts.

Taking information as a production factor, digital agriculture is a modern agriculture using modern information technology to visualize the whole process of agricultural production and carry out digital design and information management during the process.

In terms of policy support, the general offices of the Communist Party of China Central Committee and the State Council jointly issued a guideline on digital rural development on May 16, proposing multiple key tasks regarding digital agriculture.

These tasks include building comprehensive information service platforms for agriculture, quickening the digital transformation of rural infrastructure as well as promoting the integration and application of new-generation information technology in agriculture.

Besides, many tech giants have eyed business opportunities in digital agriculture and already started related layouts in succession. For instance, in June 2018, Alibaba Cloud, the cloud computing arm of Alibaba Group, launched ET Agricultural Brain, a cutting-edge artificial intelligence (AI) program set to revolutionize the agricultural industry. Before long, Tencent and JD.com also announced their AI agricultural programs.

Data showed that by 2020, the potential market size of China's digital agriculture is expected to reach 26.8 billion U.S. dollars form 13.7 billion U.S. dollars in 2015, presenting a broad development prospect.

Related forums provide enterprises engaging in digital agriculture development with platforms for exchanges and cooperation. For example, at the upcoming 10th China Satellite Navigation Conference (CSNC), a high-end forum on digital agriculture will also be held to showcase the application of technologies like Beidou navigation satellite technology, remote sensing, big data, etc in agricultural production. 

Listed companies that have already made layouts in related fields may take the lead in sharing the dividends brought by rapid growth of digital agriculture, according to TF Securities, a national comprehensive listed securities company based in central China's Hubei Province. (Edited by Gu Shanshan)

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Keyword: China development digital-agriculture

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