Agricultural Supply-Side Structural Reform and Path Optimization: Evidence from China.

Area of Science:

• Agricultural Economics
• Rural Development Studies
• Environmental Policy

Background:

• China's agricultural sector-side reform is crucial for food security and stability.
• Significant progress was observed from 1970-2020, driven by policies and demographic dividends.
• A production-oriented model resulted in overstocking, import growth, and environmental degradation.

Purpose of the Study:

• To comprehensively analyze China's agricultural reforms from 1970 to 2020.
• To identify challenges arising from the production-oriented agricultural model.
• To propose a framework for sustainable rural development based on ESG and green principles.

Main Methods:

• Comprehensive analysis of agricultural reform data (1970-2020).
• Survey on the nature of the 'rural complex' and its social network effects.
• System structure anchored in Environmental, Social, and Governance (ESG) principles and green development.

Main Results:

• Agricultural progress led to unintended consequences: overstocking, increased imports, and ecological damage.
• The 'rural complex' is a multifaceted social network influenced by various governmental and societal initiatives.
• Sustainable development necessitates industrial planning, system restructuring, and institutional arrangements.

Conclusions:

• Transitioning from a production-focused model to sustainable practices is vital.
• Integrating ESG principles and green development is key for the rural economy.
• Diversification, digitalization, and decarbonization are essential for the future of China's agro-economy.