27 June 1997
China needs urgent reforms to meet demand

Chinas national food supply is under threat and the country needs to implement fundamental agricultural reforms to meet rising demand over the next 30 years, according to the countrys State Planning Commission.

China needs to invest $89bn to improve domestic grain output, the commission says. Arable land is decreasing, production costs are rising and inefficient investment, obsolete technology and expensive state intervention in the market is compounding the crisis.

  • Financial Times 27/06/97 page 33