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China's Agricultural and Rural Economy Secures Positive Growth While Maintaining Stability

Source:MARA Date:2022-10-31

The China’s agricultural and rural economy has sustained good momentum of growth despite the covid-19 and severe natural disasters, bolstering fundamentals of economy and people’s wellbeing as well as containing inflation. 

The added value of primary industry has registered 5.48 trillion yuan in the first three quarters, expanding 4.2% year-on-year.   

China has witnessed a robust grain production, expecting another bumper harvest in 2022. China has already secured bumper harvest for its summer grain and early rice. Summer grain output posted 147.4 billion kg, up 1.44 billion kg year-on-year, while early rice output reached 28.13 billion kg, up 105 million kg year-on-year. Autumn crops have grown much better compared to previous years in Northeast, Huang-Huai-Hai Plain and Northwest regions while the overall impact of high temperature and drought has been limited in southern China. Therefore, China is expecting a bumper autumn harvest. So far, nearly 90% autumn grain has been harvested.  

A growing raft of agricultural products data indicates that agricultural and rural economy is further consolidated. The supply of non-staple products is sufficient and of high quality. In the first three quarters, the production of pork, beef, mutton, poultry, eggs, milk and aquatic products amounted to 41.5 million, 4.85 million, 3.46 million, 17.3 million, 24.99 million, 27.09 million, and 45.15 million tons respectively, representing an increase of 5.9%, 3.6%, 1.5%, 1.7%, 2.7%, 7.7% and 3.9% year-on-year, respectively.  

China also witnessed increase in the supply of vegetables and fruits. As of the end of September, vegetable acreage nationwide was 6.33 million hectares, up 100,000 hectares year-on-year. A wide variety of fruits are in season with adequate supply.  

The outcome of poverty alleviation has been consolidated, securing the bottom line highlighting no large-scale poverty relapse. As of the end of September, over 65% previous poverty groups under monitoring have shed risks of falling back into poverty while the remaining groups are targeted with assistance and are expected to get away from the risks.   

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