Question

Please write a 500 word essay on the following topic:

i) 5 macro economic indicators for the last 20 years on China's Agricultural Sector.

ii) A table to show its trend.

iii) A cross indicator analysis on the same.

Answer 1

i) The year 2001 marks a watershed development in China's agricultural reforms and processes. China became a member of the World Trade Organization. The farm export opportunities have increased and the techniques have been improved and modernised. The food crops generally used for domestic consumption have declined in favor of a growth for the export crops. In general a typical chinese farm as compared to the one in US is less in acreage and degree of mechanization. It probably follows as a drawback from the Communist policy regime.

Years ago China was struggling to feed its population with the limited arable land and few cultivable crops, but with improved mechanisation in agriculture along with the subsidiary developments in storage and transport, China has no doubt developed on its food sufficiency front. The subsidies provided by the government are still lagging in terms of the desired and required ratios. Agriculture has its supply and demand in vulnerbale positions therefore stringent governmnet intervention and the right amount of packages and facilities should be provided to enable agricultural sector develop both on domestic and international trade fronts.