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Thursday, May 18, 2000, updated at 17:11(GMT+8)
Business  

2000 Rural Economy Making Steady Advances Predicted by China

"1999-2000: An Analysis of Chinese Rural Economy and Forecast" published recently argues that the Chinese rural economy this year will still maintain steady advance. It also predicts some decline in output of the country's major farm produce and raised efficiency by agriculture. The supply of agricultural products is still sufficient along with a slight rise of price level; village and township enterprises enter the period of stable development with a possible pickup of speed; the income of farmers will still rise slowly at a higher growth rate over last year.

"1999-2000: An Analysis of Chinese Rural Economy and Forecast" is a yearbook compiled by the Rural Development Institute of the Chinese Academy of Social Sciences and the Rural Social Economic Investigation Team of the State Statistic Bureau, published by Social Science Literature Press.

Authoritative sources reveal also other predictions made by experts on this year's rural economy. Grain will sow over an area of 113 million hectares, 1.2% decrease and with these there will be a cut in the ratio of early rice, two-season late rice, wheat and maize and a rise in the output of middle rice and one-quarter late rice. Grain yield will reach 0.49 billion tons. Cotton in 2000 will be grown over 3.4 million hectares, with an output of 3.2 million tons. Pork will give no big output rise; mutton and beef will still be on the increase; poultry and eggs will show a slight increase. It is predicted that the income growth of farmers in 2000 will probably exceed that of 1999.

"1999-2000: An Analysis of Chinese Rural Economy and Forecast" " is the eighth green yearbook on development of rural economy in China. In contrast with those previously published, it has made some structural adjustments and has been enriched with new contents and topic analyses to help readers learn about significant events, developments and reforms carried out in rural China.




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"1999-2000: An Analysis of Chinese Rural Economy and Forecast" published recently argues that the Chinese rural economy this year will still maintain steady advance. It also predicts some decline in output of the country's major farm produce and raised efficiency by agriculture.

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