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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Nov. 25 (Xinhua) — During the 14th Five-Year Plan period (2021-2025), the total sales volume of supply and marketing cooperatives in China increased by an average of 8.6 percent annually, according to data from the All-China Federation of Supply and Marketing Cooperatives (ACSMC).
During this period, 1,472 enterprises owned by supply and marketing cooperatives had operating income exceeding 100 million yuan (approximately 14.11 million US dollars), the industry organization reported.
In particular, 29 enterprises recorded operating income of 10 billion yuan or more, an increase of 15 compared to 2020.
Currently, supply and marketing cooperatives account for 70 percent of the country's total chemical fertilizer supply and account for 3 trillion yuan in annual agricultural sales, which, according to the federation, plays a positive role in ensuring national food security, increasing farmers' incomes, and promoting the comprehensive revitalization of China's rural areas.
Vice Premier Liu Guozhong, speaking at the 8th Congress of the All-China Socialist Farming Cooperatives (ASFC) in Beijing on Monday, called on supply and marketing cooperatives to always remain committed to their fundamental mission of serving farmers and to continuously enhance their capacity to provide services to agriculture, rural areas, and farmers during the new 15th Five-Year Plan (2026-2030). -0-
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