Write an essay about China.docx

Non farm enterprise arose in towns and villages which

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markets emerged and there is a remarkable growth of rural town. Non-farm enterprise arose in towns and villages, which enables millions of peasants less reliant on farming. As a result, many farms household can earn more from non-farm activities. Besides, land tenure becomes more secure: land which is owned by village collectives and contracted to households for at least 30 years. Production was diversified due to the strengthened incentives. Farm productivity, total output and production per capital increased. Besides, local agricultural markets emerged and the incident of rural poverty falled. In addition, surplus farm labour was absorbed by rural and other industries. Reduce the share of ít population living in poverty from 53% to 8% over 20 years. b. By mid 1990s Policy: little policy assistance to farming. Much farm produce sold at or below world price.little policy assistance to farming. Much farm produce sold at or below world prices. c. Since 2001: - Trade policy: Join WTO in 2001. Sign free trade agreements with New Zealand (2008), Singapore (2008), Peru (2009), Costa Rica (2010) In 2010, the China- ASEAN free trade agreement came into effect. - Domestic agricultural programs: Since China’s accession to WTO in 2001, China reforms its national policy to meet its commitment under WTO’s rules. As such, China reduced import tariff, partially removes licensing requirement on imports and exports, remove price controls, moving toward liberalizing the market system. 12 th Five Year Plan. Reducing tariff from 23.1 in 2001 to 15.3% in 2005. Grain Policy Target- 95% self-sufficiency. Direct payment:commenced in 2004 to grain growers: to increase ourput and income. Subsidise price: seeds, agricultural chemicals, fuel, machinery : 2006. Public grain stockholding. Most support is production and trade distorting.
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