Cross-bor­der grain giants en­cour­aged

China Daily (USA) - - BUSINESS -

The Na­tional De­vel­op­ment and Re­form Com­mis­sion and State Ad­min­is­tra­tion of Grain re­leased China’s na­tional pol­icy for the grain in­dus­try in the 13th Five-Year-Plan (2016-20) pe­riod on Wed­nes­day. The pol­icy en­cour­ages the grain com­pa­nies to gain in­ter­na­tional com­pet­i­tive­ness through merg­ers and ac­qui­si­tions and be­come cross-bor­der giants in grain pro­duc­tion and pro­cess­ing, stor­age and lo­gis­tics, trade and com­merce. The com­mis­sion in­di­cated that China plans to up­grade the in­dus­try by build­ing na­tional, provin­cial and cor­po­rate in­for­ma­tion sys­tems using the in­ter­net and big data in a bid to boost in­no­va­tion and ef­fi­ciency, as well as guar­an­tee na­tional grain safety.

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