China's Agriculture "Going Out" Strategy beyond Resource Constraints and Unbalanced Trading

Monzur Morshed
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Monzur Morshed: Faculty Member, Department of Economics, Comilla University, Comilla, BANGLADESH

American Journal of Trade and Policy, 2018, vol. 5, issue 1, 15-20

Abstract: Implementing an agricultural "going out" strategy effectively coordinates the use of international and domestic markets and resources and expands the breadth and depth of Agriculture in China. With the continual increase of industrialization and urbanization, agricultural production in China is conditioned by the limitation of cultivated land resources and freshwater resources, also impacted by soil exhaustion, frequent drought, and floods. At the same time, China's agriculture trade also faces an unstable situation and an unfair international environment. Therefore, accelerating the implementation of the agriculture "going out" strategy not only can effectively break through the bottleneck of agricultural development in the constraint of resources, get out of market monopoly from international agricultural multi-national companies, but also can give full play to advantages of our foreign exchange reserves to ensure the (supply effectiveness) of agricultural products in China. However, at present, China's agriculture "going out" strategy hasn’t got significant achievements; there are some problems such as slow growth in foreign investment in agriculture, regional centralization of investment, the small quantities and small scale of investment companies, and the lack of international agricultural professionals. For these reasons, the relevant government departments should increase financial support to encourage agricultural enterprises "going out"; speed up the training of professionals to create giant agricultural transnational corporations, resulting in occupying good seats in the global agricultural supply chain and establishing China as resourceful agricultural trading nations.

Keywords: Agriculture; Resource Constraints; Trading Environment (search for similar items in EconPapers)
JEL-codes: O13 (search for similar items in EconPapers)
Date: 2018
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