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Hi everyone. I’m Stephanie LI.
Coming up on today’s program.
· China vows to build itself into an agricultural powerhouse, with food security and rural revitalization prioritized;
· Mainland suspends some tariff cuts on Taiwan imports.
Here’s what you need to know about China in the past 24 hours
China has laid out the priorities for the country's rural work in 2024 at a key meeting held from Tuesday to Wednesday, stressing the target to build China into an agricultural powerhouse and the importance of advancing rural revitalization across the board.
Analysts said the conference has set a tone for the country's rural work in 2024 by clarifying the target, mission and path of achieving modernization of agriculture and rural areas.
Food security will still be among China's most fundamental interests and rural work will be focusing on strengthening food security, including increasing the area of farmlands and grain yield, accelerating invigoration of the seed industry, and intensifying research on core technologies.
China emphasized the importance of maintaining the area of farmlands, which it has set a red line of no less than 1.8 billion mu (120 million hectares). Efforts have also been made to prevent farmland from becoming non-agricultural use, the meeting said.
Again, China sets the target of grain output for 2024 - staying above 1.3 trillion jin (650 billion kilograms) in 2024.
Meanwhile, the country will build a diversified food supply system. China has achieved basic coverage of seed supply in grain, cotton, oil, sugar, pig, cattle, sheep, poultry, fish, shrimp, crabs and shellfish, and the seed supply guarantee rate has increased to more than 75 percent so far, according to the Ministry of Agriculture and Rural Affairs.
To inject momentum and vitality into agricultural modernization, it is important to strengthen the driving forces of science and technology as well as reform, intensify efforts to achieve breakthroughs in core technologies, and improve work mechanism for agriculture, rural areas and farmers, the meeting said.
Apart from food security, the key agricultural meeting urged efforts to improve rural industrial development, rural construction and rural governance, and to strive for substantive progress in promoting rural revitalization across the board.
It also stressed that rural revitalization work should start from the practical problems reflected by the farmers. The key to advancing rural revitalization is the promotion of rural industry development, experts said, suggesting that efforts should be made to thoroughly implement policies to support rural industries, develop industries with distinctive characteristics, and upgrade and foster new industries and other forms of businesses in response to demand.
· The spokesperson of the Taiwan Affairs Office of the State Council on Thursday voiced support for the suspension of tariff reductions on some chemicals from the Taiwan region, a decision which was earlier announced by the Customs Tariff Commission of the State Council. Chinese mainland announced on Thursday the termination of tariff concessions for 12 kinds of products including propylene imported from the island of Taiwan starting from January 1, 2024, as the island was found to have violated Economic Cooperation Framework Agreement (ECFA) rules by discriminatory restrictions on the mainland's exports.
· China has ramped up its funding efforts for the restoration work in the earthquake-affected provinces of Gansu and Qinghai. The Ministry of Finance, together with the Ministry of Agriculture and Rural Affairs and the Ministry of Water Resources, allocated a total of 220 million yuan of funds to help restore agricultural and water conservancy infrastructure damaged. In addition, donations from organizations, enterprises and local governments have been sent to the quake-hit regions. More than 8 million yuan of relief supplies and around 24 million yuan in funding were donated to aid the