BEIJING (Xinhua) – China will introduce more measures to address the shortage of capital, land and human resources in the development of rural industries.
The decision was made at a national meeting on rural industry revitalisation held in Yangzhou, east China’s Jiangsu Province.
The boom of industries in rural areas is fundamental to rural vitalisation, said China’s Vice Agriculture and Rural Affairs Minister Yu Xinrong.
In 2018, operating revenue of China’s agricultural product processing industry reached CNY14.9 trillion (about USD2.17 trillion), while rural tourism reported revenue of over CNY800 billion.
Local authorities are required to provide more support for land use of rural industries when making annual land utilisation plans, Yu said.
Financial institutions at the county level should promote local rural industries with deposits received, and are encouraged to set up rural industrial development funds to meet the capital demand for industrial development, according to Yu.
Farmer training should be strengthened and vocational colleges are supported to expand enrollment in rural areas, he added.