Insights and Foresights on 2017 No.1 Document

On February 5, 2017, CPC Central Committee and the State Council jointly issued 2017 No.1 Document - Opinions on Deepening Agricultural Supply-side Structural Reform and Creating New Momentum on Agricultural and Rural Development. On February 10, DaoHe Forum invited two policy experts, Mr. Xu Xiaoqing and Dr. Jiang Changyun, to interpret this guiding policy in the agriculture sector for Chinese and foreign multinational companies (MNCs) and institutions. Mr. Xu is the former Director General of the Department of the Rural Economic Research at the Development Research Center (DRC) of the State Council, and Dr. Jiang is the Deputy Director of Institute of Industrial and Technological Economics at the Academy of Macroeconomic Research of the National Development and Reform Commission (NDRC).

Mr. Xu and Dr. Jiang reviewed China’s top-level agricultural policies since the reform and opening-up in 1978 to help participants understand the history, background and context of No.1 Document and how the themes evolved with China's agricultural development needs in the past three decades. The experts provided their insights on the government thinking embedded in this year's No.1 Document, interpreted the outlined strategic approach and targeted measures, and analyzed in detail the opportunities and challenges for MNCs. They also shared their experiences in how to capture government thinking between the lines of policy documents.

The two speakers' insightful analysis stimulated heated discussions among participants. Questions and discussions involved market access for FDI, pricing mechanism reform of agricultural products, GMO commercialization, corn stock consumption, trade in agricultural products, agricultural products quality and safety, rural finance, etc.