The National Work Conference on Agricultural and Rural Planning and Finance was held in Shanghai on June 4-5, 2021. The Conference reviewed the achievements in investment in agriculture and rural development since 2020, analyzed the current situation and tasks in this regard, and charted the way forward for efficient investment in agriculture and rural areas. Vice Minister Liu Huanxin addressed the Conference.
It was noted that investment in agriculture and rural areas has been yielded remarkable results since 2020, with constant expanding scale. Investment in fixed farming assets grew 19.5 percent year-on-year in 2020, and registered a year-on-year growth of 35.5%, a record high, in the first four months of 2021. Thanks to sound investment mechanisms, the investment portfolio has been optimized with diversified channels, underpinning high-quality development in agriculture and rural areas.
The Conference underlined the importance of making sound planning for investments in agriculture and rural areas. Given the overall requirements for ensuring the stable and safe food supply and well-functioning supply chain, the Conference called for increasing investment, channeling more private investment into agriculture, implementing a number of major investment plans and projects, implementing major subsidy reform policies and improving management on budget performance. All these efforts aim to boost rural revitalization and agricultural and rural modernization with greater synergy.
Leading officials from competent agricultural departments of provincial-level regions across China, and relevant officials from the National Audit Office and the National Administration for Rural Revitalization joined the Conference.