Lardy added that he thinks China's economic recovery will continue in the second half of the year, since the country has been managing COVID-19 well.
Last year, 800,000 hectares of farmland in China was left to rest or planted with different crops each year as part of a pilot program, twice as much as in 2016, Zeng Yande, chief of the ministry’s department for plant supervision, said at a news conference.
Last year, its total sales value stood at 3.75 billion yuan (2 million); it sold 500,000 sets of products abroad for 620 million yuan, up by 4 and 20 percent year-on-year respectively.
Last year, China reciprocated against US tariffs with levies on American goods including soybeans, corn and pork. Farm incomes in the Midwest and mid-Southern states continued to decline in the first quarter of 2019, according to banker surveys released this month by regional Federal Reserve banks.
Last week, the Central Committee for Deepening Overall Reform approved a comprehensive three-year plan for SOE reform designed to steer the economy toward innovation and technology-driven high-quality growth. The plan stressed efforts to optimize the layout and structure of the State-owned portion of the economy to make it more competitive, innovative, controllable, influential and more resilient to risks.
Last month, China made its biggest purchases of US pork in nearly two years — 23,846 tons of US pork in the week ending March 7, according to US Department of Agriculture data.
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Last year, Britain was also the first major Western country to jointly approve and sign the Guiding Principles on Financing the Development of the Belt and Road.
Last Wednesday, lawmaker and district election candidate Junius Ho Kwan-yiu was stabbed when he was campaigning in Tuen Mun.
Large-scale protests against the Vietnam War gained momentum throughout a year which also saw civil unrest in France as student-led demonstrations and general strikes plunged the country into chaos.
Last month, a similar ad featured Erickson-Jones and her family in which she explains the importance of export markets to her farm and the dangers of trade policies that restrict exports: