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Agriculture Chatter at China's "2 Sessions"

Discussion of agriculture has not been prominent at China's "two sessions" this week. The emphases were on raising money for stimulus through bond issues, boosting lending by state banks, stimulating consumption, supporting advanced industries (biological manufacturing, quantum technology, 6G, AI+), addressing local government financial problems, solving the property market crisis, "green development," private enterprises, and higher education. In his "Minister's Channel" press conference discourse on food security , Minister of Agriculture and Rural Affairs Han Jun reported that China had produced more than 700 million metric tons of grain last year despite drought and typhoons. Minister Han went on to stress the importance of raising yields through science and technology and implementing policies to ensure grain is profitable and prices are reasonable. He noted that grain supply and demand is overall in tight balance, but China has a persisting d...