GRAIN FARMS OF CHINA IN THE CONDITIONS OF DEVELOPMENT OF DEFLATIONARY PROCESSES IN WORLD ECONOMY

Issue № 4, 2016, article № 11, pages 80-86

Section: Foreign news

Language: Russian

Original language title: ЗЕРНОВОЕ ХОЗЯЙСТВО КИТАЯ В УСЛОВИЯХ РАЗВИТИЯ ДЕФЛЯЦИОННЫХ ПРОЦЕССОВ В МИРОВОЙ ЭКОНОМИКЕ

Keywords: ECONOMY DEFLATION, CHINA, GRAIN FARM, LEADING GRAIN CROPS, STATE SUPPORT OF FARMERS, GRAIN IMPORT, EXPORT, SELF-SUFFICIENCY

Abstract: There has been considered modern state of grain economy in China, which national economy is exposed to the risk from consequences of the third deflation wave of the word economy. However, China continues the own course of developing the grain economy in complete providing the population of the country with grain and grain products. The grain farm of China is the main subsector of agriculture, tends actual growth due to essential state support of producers of grain, the carried-out market reforms. There is presented analysis of dynamics in changes of sowing areas, yield and gross harvests of leading grain crops in China during last 6 years. There are demonstrated volumes of import-export operations with grain in 2014 and 2015 and mutual trade relations with Russia. There are reflected government measures on state support of farmer and family economies during production of rice, wheat, maize and prospects of self-providing Chinese population with those crops in the thirteenth five-years (2016-2020). Rent of lands for production of grain abroad by the government of China is considered as a way of satisfaction of a growing demand for grain production and also as a component of ensuring food security of the country. Acting as the large buyer of grain and as the trader, China which share in world trade in the next 5 years will reach 40‰, will influence essentially a condition of the world grain market, including pricing for grain, a balance of supply and demand.

Authors: Bykov Gennadii Evgenevich, Panteleeva Olga Ivanovna, Bazhan Anatolii Ivanovich