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Deepening Rural Reform and Promoting Agricultural Modernization —— Interview with Minister of Agriculture Han Changfu

Xinhua News Agency, Beijing, May 31st (Reporter Lin Hui)General Secretary of the Supreme Leader recently hosted a rural reform forum in Xiaogang Village, Fengyang County, Anhui Province and delivered an important speech. Han Changfu, Minister of Agriculture, said in an interview with reporters that the important speech of the General Secretary in Xiaogang Village is a strong signal to strengthen agriculture and attach importance to agriculture, and it is also a heavy hammer to speed up rural reform and development, and it is also a horn to promote agricultural modernization, which further strengthens our confidence and determination to promote rural reform, development and stability.

Deepen the reform of rural land system and collective property rights system.

Q:What key points should be grasped in rural reform at present and in the future?

Han Changfu:Reform is the driving force of agricultural and rural development. In accordance with the spirit of the General Secretary’s important speech and the requirements of the central government’s deployment, we should base ourselves on the present and focus on the long-term, and do a good job in deepening the reform of rural land system and rural collective property rights system, which are the key tasks of laying the foundation and managing the long-term.

The main line of deepening rural reform under the new situation is still to deal with the relationship between farmers and land. With the deepening of industrialization and urbanization, the subject of land contracting right and the subject of management right are separated in fact, which puts forward new requirements for the design of land system. Realizing the separation of contracting right and management right is the direction and major innovation of deepening the reform of rural land system, which is conducive to safeguarding and realizing farmers’ rights and interests and stimulating the vitality of rural development. The premise of "separation of powers" is "implementation of ownership". We are studying the problem of stabilizing rural land in contract relationship and keeping it unchanged for a long time, and put forward specific opinions on the contract period and the way of extending the contract after the expiration of the second round. The basis of "separation of powers" is "stable contracting right". By carrying out registration and certification of contracted land, farmers can really eat "reassurance". The core of "separation of powers" is "freeing management rights", and it is necessary to encourage exploration and innovation, respect farmers’ choices, and develop various forms of agricultural moderate scale operations such as land circulation, land trust and land shareholding.

The reform of rural collective property rights system is a major institutional innovation after the rural household contract responsibility system, which takes care of the long-term, fundamental and overall situation. Promoting this reform is conducive to the formation of an innovative and developed rural property rights system, the improvement of the rural basic management system, the promotion of farmers’ property rights and interests, and the sharing of the fruits of reform and development among the broad masses of farmers. According to the requirements of the central authorities, it is imperative to find out the family background and establish the institutional framework. We should pay close attention to the introduction of reform documents and do a good job in pilot projects, actively explore the quantification of shares to collective members and implement the reform of joint-stock cooperative system, promote the construction of a rural collective property right system with clear ownership, complete power, smooth circulation and strict protection, realize the equal exchange of urban and rural factors, and increase farmers’ property income.

Constructing "Three Systems" and Accelerating Agricultural Modernization

Q:What ideas and measures does the Ministry of Agriculture have in promoting agricultural modernization?

Han Changfu:It is necessary to accelerate agricultural modernization by building a modern agricultural industrial system, production system and management system.

First, we must promote the structural reform of the agricultural supply side and build a modern agricultural industrial system. Guided by market demand, optimize, raise and refine agricultural industry. Since last year, the Ministry of Agriculture has deployed the structural adjustment of planting, animal husbandry and fishery. In the next step, we will intensify our work, pay close attention to the implementation of measures, and make a good combination of agricultural structural adjustment.

The second is to strengthen the support of material technology and equipment and build a modern agricultural production system. Arm agriculture with modern facilities, equipment and technical means, develop green production, and improve the level of improved varieties, mechanization, science and technology, informationization and standardization of agriculture.

The third is to develop moderate scale management and build a modern agricultural management system. Promote the common development of family management, collective management, cooperative management and enterprise management, and improve the level of intensification, scale, organization, socialization and industrialization of agricultural management. The key point is to cultivate new agricultural business entities and new professional farmers, develop agricultural producer services, pay close attention to study and improve the support policies for new business entities, explore various forms of moderate scale operations, and solve the problems of "who will plant the land" and low operating efficiency.

Unswervingly adhere to and improve the basic management system in rural areas

Q:What should we focus on in promoting rural reform and development?

Han Changfu:To maintain rural harmony and stability, the first thing is to stabilize the rural basic management system. Rural basic management system is not only the foundation of rural economic system, but also the basis of rural social governance mechanism, which affects the whole body. To deepen rural reform, the biggest policy is to adhere to and improve the basic rural management system and never waver. To insist on the collective ownership of rural land by farmers, the basic position of family management and the stabilization of land contract relationship, these three "hard levers" must be grasped well. In particular, the reform of rural land system must be carried out prudently and steadily. If you can’t see clearly for a while, don’t rush to move, have some historical patience and don’t rush into it. Land is the survival foundation and emotional dependence of farmers, and it is the "lifeblood" of farmers. Only when the rural land contract relationship is stable can people’s hearts be stable. In the reform of rural land system, we must respect the wishes of farmers, do not engage in coercive orders, and ensure that farmers’ rights and interests are not harmed.

To maintain rural harmony and stability, we must stabilize effective rural policies. The policy is stable, the people are stable, and the countryside is stable. It is necessary to continuously increase and improve the support policies, so that farmers can get more benefits and have more "sense of gain". China’s agricultural and rural economic development in the Twelfth Five-Year Plan has created another best period in history, which proves that a series of policies of the central government to strengthen agriculture, benefit farmers and enrich farmers in recent years are effective and must be adhered to for a long time and constantly improved.

To maintain rural harmony and stability, we must also vigorously promote farmers’ employment and income. Increasing farmers’ employment and income is the biggest livelihood in rural areas. Only when farmers have jobs and "money bags" really swell up can rural harmony and stability be based. It is necessary to support farmers’ employment and entrepreneurship, especially the entrepreneurship of returning migrant workers, as the focus of promoting farmers’ income. Broaden the channels for farmers to increase their income, tap the potential of increasing income within agriculture, vigorously develop new industries and formats such as leisure agriculture and e-commerce, cultivate new income growth points, and promote farmers to increase their income continuously and rapidly.

The Beijing News On October 10th, Hurun Research Institute released the 2019 Hurun Report. Among them, Ma Yun became the richest man in China for the third time with a wealth of 275 billion; Ma Huateng’s wealth rose by 20 billion, returning to the second place with 260 billion.

Ma Yun, who just retired at the age of 55, became the richest man in China for the third time this year with a wealth of 275 billion yuan. As of September this year, Alibaba’s market value was 3.3 trillion yuan. In fiscal year 2019, Alibaba achieved revenue of nearly 400 billion yuan, a year-on-year increase of 51%. Ali continued to make a large number of acquisitions this year. For example, in September, it acquired koala, a cross-border e-commerce platform of Netease, for 14 billion yuan and led Netease Cloud Music; In July, it acquired 49% equity of Deyin Derun held by Deyin Holdings, the major shareholder of Shentong Express, at a price of nearly 5 billion yuan. Zhang Yong, the 48-year-old new head of Ali, ranks among the top 1,000 on the list with a wealth of 4.6 billion yuan.

Ma Huateng, 48, ranked second with 260 billion yuan. Tencent achieved a total revenue of nearly 180 billion yuan in the first half of this year, an increase of 18% year-on-year. As of September this year, Tencent’s market value reached RMB 3 trillion, making it the second largest company in China. Since 2008, more than 60 of the 700 enterprises invested by Tencent have been listed successfully, among which Betta and Futu Securities have been listed in the last year. Recently, Ma Huateng said that the investment in Tencent’s western cloud computing data center will exceed 10 billion yuan. Zhang Zhidong, co-founder of Tencent, ranked 13th on the list with a wealth of 105 billion this year.

Editor Wang Yu　

　　Last night, Jewell Company, which is owned by Jay Chou and participated in the investment, announced that it will help to handle all brokerage affairs in Jerry Yan from now on, and Jerry Yan’s agent will be Yang Junrong, who won the red Jay Chou.

　　"Heavenly King’s pet comes out": It hit it off with Jay Chou’s agent.

　　A few days ago, Jerry Yan arrived in Shanghai to shoot the idol drama Tears of Star Heart, which was jointly invested by CCTV and NHK. Yesterday, he spent the whole day filming interior scenes in his hotel, unwilling to accept any media interview about him becoming Jay Chou’s younger brother.

　　Yesterday, the reporter learned from Jewell Company that Jerry Yan and Jay Chou met in 2004. Both of them are members of the Taiwan Province Star Basketball Team, but they are just friends. The willingness of the two sides to cooperate began at the end of last year. After Jerry Yan set up his own business three years ago, he often hesitated in making decisions. The most impressive thing was the recent basketball fire, which finally decided to participate after repeated performances, but it became a supporting role for Show Lo.

　　In fact, Jerry Yan himself realized that his personality was very unfavorable to his development in the entertainment circle, so he decided to find a good agent to help him. At a party last year, Jerry Yan met Yang Junrong, Jay Chou’s agent. At that time, Yang Junrong touched him with a remark, that is, "The heavenly king is a pet", indicating that he respected Jay Chou and let him play according to Jay Chou’s personality. Because Jerry Yan’s difficulty is well-known in the circle, when he heard Yang Junrong’s remarks, he felt that the two sides had similar ideas and began to discuss the possibility of cooperation.

　　Six brokers in three years: the two parties have not officially signed the contract.

　　According to insiders, Yang Junrong was worried at first, because he also knew that Jerry Yan had changed six brokers in three years since he started his own business, so the two sides discussed the cooperation for a long time and reached a consensus only recently. However, the two sides have not signed a formal contract yet, and only a tacit agreement has been established at present. Insiders said that on the one hand, there should be a running-in process to prevent the two sides from breaking up in discord in the future; on the other hand, Jewel Company should also observe whether Jerry Yan can get along with Jay Chou. After all, Jewel has Jay Chou’s investment, and the company has been doing business around him. Now there is another big name, and the company can’t adapt at the moment.

　　It is understood that Jay Chou, who has always been a maverick, is willing to let the company sign Jerry Yan mainly because of his appeal in overseas markets such as Japan and South Korea. In Japan, Jerry Yan has the strongest appeal among Chinese stars. This time, NHK and CCTV co-produced Tears of a Star, and the Japanese first named Jerry Yan to play it. Therefore, Jay Chou hoped that Jerry Yan would help the company expand overseas markets, so when he knew that Yang Junrong intended to sign Jerry Yan, he readily agreed. After all, the joint efforts of the two could better consolidate the two major markets in China.

Editor: Li Dan

　　Cailian News Agency, February 19 (Reporter Shi Sitong) During the Spring Festival, the continuous decline of international gold prices did not seem to affect the popularity of domestic gold sales. Especially when the Spring Festival is superimposed on Valentine’s Day, consumers who come to buy gold are "crowding out" major gold sales stores. However, the Cailian reporter noticed that while consumers are buying gold crazily, some people are quietly selling gold and leaving.　

　　"The Spring Festival is the most favorable time of the year, and there are many customers who come to buy gold. A few days ago, we were so busy that we didn’t even have time to introduce it. All the customers looked at it themselves and bought it directly. " A salesperson in a gold shop said with emotion. At the same time, she also revealed that in addition to people who are constantly buying gold, some customers want to take advantage of the current high price to sell the gold bought at a low price in previous years, thus earning some difference.　

　　In the eyes of the industry, with the increase of consumers’ willingness to save and the continuous reduction of deposit interest rates, gold, which has long been regarded as a means of maintaining value and its price is rising, has attracted more and more attention and gradually become the best choice integrating consumption and investment. Although the gold market may fluctuate within a certain price range in the short term, in the long run, the expectation of interest rate cuts by the Federal Reserve and geopolitical risks will still support the gold price, and the trend of strong gold will continue this year.　

　　"Double Festival" drives gold fever, and gold bars become a new choice for young people to prepare for marriage.　

　　The reporter from Cailian News Agency visited many gold shops in Beijing and found that during the Spring Festival, major gold shops have launched various preferential activities such as "100-gram reduction", "80-gram reduction" and 15% discount on one-price gold ornaments, and launched a series of gold ornaments and gold bars with the theme of dragons, which are favored by consumers. At the same time, in addition to the traditional gold jewelry selling well, investing in gold bars has also become a new choice for young people to prepare for marriage.　

　　"These two days are not very busy, and customers are scattered." The counter sales of a gold shop in Chaoyang District, Beijing told the Cailian reporter that many young people with wedding plans this year took advantage of the Spring Festival activities to buy "three golds", and many people came to buy New Year gifts and Valentine’s Day gifts. However, after "Valentine’s Day on February 14th", the number of consumers who come to the store to buy gold has obviously decreased.　

　　According to the above sales introduction, this year’s Spring Festival holiday is superimposed on Valentine’s Day, and gold sales are particularly hot. Judging from the sales situation of this store, in addition to traditional gold jewelry, dragon-themed series products are also very popular with consumers. At the same time, the Year of the Loong gold bars have also become a hot-selling product during the Spring Festival this year.　

　　The reporter of Cailian noticed that there were many rows of gold bars in the counter of the store, with the weight ranging from 20g to 100g, and the patterns on the gold bars were mostly dragons. "Our gold bars are well stocked, because there are quite a few people who come to buy gold bars recently, and they can sell several sets a day." According to the sales, most consumers mainly buy gold bars for collection, gifts or children. However, with the change of young people’s consumption concept, new people are gradually buying gold bars to replace the "three golds" for marriage.　

　　"The one we bought is 100g, which is for getting married this year. Because I don’t like gold ornaments very much, we discussed buying a gold bar, so we didn’t buy three gold ones. And relatively speaking, this kind of investment gold bar is also more valuable. " Ms. Yang, a couple who are shopping for gold bars, told Cailian that they plan to get engaged this Lantern Festival, taking advantage of the gold shop promotion activities during the Spring Festival, just to prepare the three gold needed for marriage. However, considering personal preference and value preservation, the two decided to replace the traditional three gold bars with gold bars.　

　　From the price point of view, the current price of gold jewelry in the store is 621 yuan per gram, and most styles in the store participate in the activity of "reducing 30 yuan"; The price of investment gold bars is 551 yuan per gram, which is at least cheaper than that of 40 yuan. At the same time, the store also provides recycling service, but compared with the selling price, the current recycling price of gold bars is much lower, only 458 yuan per gram.　

　　"The investment value of gold lies more in the future. It is definitely a loss to recycle the gold bought now. It is necessary to lengthen the timeline and see the price of gold for several years." In the sales mouth of online stores, "the price of gold has been rising, and it will be higher if you don’t buy it now" has become a common saying.　

　　The international gold price has fallen sharply, and the industry is generally bullish on the future gold trend.　

　　In recent years, with the sustained recovery of domestic economy, domestic gold consumption has been warming up. According to the data of the World Gold Council, in 2023, although the domestic gold price soared by 17%, the total demand for gold ornaments in China still reached 630 tons, a year-on-year increase of 10%. Due to the soaring price of RMB gold, the domestic consumption of gold ornaments reached 282 billion yuan in 2023, a record high.　

　　The higher the price of gold, the more it is bought, which is the mentality of most gold consumers, but at the same time, some people see the risks behind chasing up and choose to sell gold and leave. A counter salesman in a store told Cailian that although many people bought gold during the Spring Festival, they also bought old gold ornaments and bars for styles and recycling. "Some time ago, a client of my colleague sold the gold jewelry he bought a few years ago. Before that, he bought more than 300 pieces, totaling nearly 50 grams, and now he has earned almost 7,000 pieces."　

　　In fact, during the Spring Festival holiday, the international gold price has continued to fall. According to the data of Jintou. com, the price of $2,052/ounce opened on February 7 has been falling for six consecutive trading days, and it hit $1,996/ounce on February 14, with a cumulative decline of 2.29%. As of February 19th, COMEX gold futures reported $2,029 per ounce.　

　　So, what will be the future trend of gold prices? Is it still the time to start gold? This is a concern of many investors and consumers. In this regard, many people in the industry and institutions generally believe that the trend of strong gold will continue this year and the price of gold will continue to be bullish in the future.　

　　"As a traditional safe-haven asset, the value of gold will not disappear due to short-term market fluctuations. On the contrary, in the context of increasing global economic uncertainty, the safe-haven nature of gold is more prominent. " According to UBS Wealth, although the gold market may fluctuate within a certain price range in the short term, in the long run, the Fed’s interest rate cut policy is expected to promote the strong demand of gold exchange traded funds (ETFs), thus supporting the gold price. At the same time, UBS suggested that investors can consider buying gold at a price of $2,000/ounce or less.　

　　Shanghai Dongzheng Futures also said in the latest report that in the short term, the gold price may fall below the $2,000/oz mark due to the delay of the Fed’s interest rate cut expectations, and it is still necessary to pay attention to the callback risk. However, in the medium and long term, geopolitical risks still limit the callback space of gold prices, and the bullish view remains unchanged.　

　　As for the individual purchase of gold, Wang Lixin, CEO of China District of the World Gold Council, suggested that if it is purely for investment purposes, it is a major principle to buy investment gold bars, and the closer the buying and selling price is to the price of gold raw materials, the better. Secondly, it should be purchased through formal commercial organizations and large retail organizations, and don’t go to some informal platforms for the sake of cheapness.　

　　"Gold is an important part of asset allocation for both institutional investors and individuals. However, the price of investment products must fluctuate, and there are also risks in the gold market. In the current gold fever, investors should still buy carefully. " Wang Lixin reminded.　

　　(Cailian reporter Shi Sitong)