BEIJING, April 16 (Xinhua) -- China’s Ministry of Agriculture and Rural Affairs issued on Wednesday a guidance on social capital investment in agriculture and rural area.
The move is aimed at further carrying out China's rural vitalization strategy, channelling social capital to invest in agriculture and rural area in an orderly manner and optimizing diversified investment scheme, said the ministry on its website.
Centering around the agricultural supply-side structural reform, efforts should be made to promote the transformation and upgrading of agriculture and rural economy by focusing on the key industries and fields of agricultural and rural modernization.
According to the guidance, social capital is encouraged to invest mainly in 12 key industries and fields, including modern planting and breeding, modern seed industry, industry with local characteristics, agricultural product processing and distribution industry, new rural service industry, recycling agriculture, agricultural innovation based on science and technology, talent training, rural infrastructure construction, digital rural construction, rural entrepreneurship, and the improvement of rural living environment.
The guidance proposes that different regions in China can innovate investment and financing model based on local conditions. Various channels like sole proprietorship, joint venture, cooperation, joint operation and leasing can be adopted, in a bid to set up effective incentive mechanism.
In addition, it is necessary to build a number of cooperation platforms for social capital to invest in agriculture and rural areas to control risk, reduce costs and improve efficiency. (Edited by Zhang Yuan with Xinhua Silk Road, zhangyuan11@xinhua.org)
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