A new report has suggested that the government is preparing to pay for all the silk that will be used for the Chinese market.
The report by the Hong Kong-based Economic and Social Research Institute (ESRI) says it is now looking into the possibility of “a massive public-private partnership” to help build up a network of small-scale farms.
“We believe that there will be a public-sector partnership, as well as a private-sector one, to help the farmers who are building their farms and the companies that will provide the capital,” said the report’s author, Dr. Simon Ho, in an interview with the Thomson Reuters Foundation.
“It could take a decade or more, and it is still a long way off, but it is a possibility.”
Ho, a Hong Kong native who has been studying China’s economy for the past two decades, said that China is “at a critical point” where it is facing an economic crisis and is looking to diversify its economy away from a manufacturing-dominated model.
The country is in the process of implementing a “Made in China” label for all goods imported from outside the country, including from the United States.
China has said that the labels, which are expected to be rolled out by 2020, will help it to attract foreign investment.
The institute is one of a handful of organisations that have recently launched research into China’s food production.
The research has found that the country is facing a shortage of rice, wheat and other staple crops, as imports from other countries, such as the United Kingdom, have surged.
The new report from ESRI says the government will need to provide at least $1.4 trillion in public-funded subsidies to farmers and food companies over the next 10 years.
The researchers suggest that this money could be spent on upgrading farmland in the north of the country.
Ho says the subsidy could be used to finance small- and medium-scale enterprises, which could also help boost the country’s agricultural sector.
The government has not made any public announcement about the potential funding for the Silk Road, which is a road connecting China to other Asian markets, but Ho said he believes that the plan will have a significant impact on the country in the long term.
“I think the government has to be really conscious of what it is doing in this area,” he said.
“If you have to put in a huge amount of money to make sure that you don’t get caught out, then that’s a pretty bad thing.”
The report said that a “national market” is the best way to provide subsidies to rural farmers, and that the Chinese leadership has been trying to do this for decades.
Ho said that his research showed that the state would likely be willing to help fund the Silk Route, as long as it was done in a way that was “not coercive.”
Ho noted that the subsidies could be paid through a public bank, which would be one of the ways the government would ensure that the funds are not siphoned off for commercial purposes.
“In my opinion, the idea that the Silk Path is a vehicle to subsidise the production of wheat is quite a strange one,” he told the Thomson News Service.
“The wheat sector, it is the bread and butter of the Chinese economy.
They can’t grow wheat because it’s not a major export commodity.
They need wheat to feed their own people.”
Ho said it is unlikely that the authorities would go along with such a plan if it meant that there would be less production of food.
“They’re really not interested in having more rice in the market.
It’s all about food security, not food supply,” he added.
Ho noted, however, that the idea of a national market is a good one for the economy, given that the “biggest risk” in the sector is climate change.
“What happens when the climate changes?
How will the world cope?” he said, referring to the fact that some countries are already experiencing record droughts.
The authors also found that China’s government has failed to properly account for the impact of its growing population on the environment.
Ho believes that some of the “political” aspects of the plan may have contributed to this problem.
“There are a lot of elements in the plan that seem to be anti-environmental, and there are some that are not,” he explained.
“So, if we want to make things easier, it would be good to see a more transparent way of doing things.”