| Despite the efforts of various economists and agricultural scientists in calling for more investments, funding for agricultural R&D has been stagnated for the last two decades in China. This will pose a great challenge for the China's agricultural sector. Productivity has leveled off, and farmers' income has been flat. As a result, poverty reduction in recent years has also not shown any significant progress. On the other hand, agribusiness firms have emerged rapidly since the rural reforms initiated in 1978. Emerging of these firms has fundamentally changed the landscape of Chinese agricultural production. In 2003, they account for a significant share in agricultural GDP (7%), and agricultural employment. More importantly, it is their role in... |
