{"product_id":"2940149073603","title":"Growth and Evolution in China\u0026#x2019;s Agricultural Support Policies","description":"China is perhaps the most prominent example of a developing country that has transitioned from taxing to supporting agriculture. In recent years, Chinese price supports and \u003cbr\u003esubsidies have risen at an accelerating pace after they were linked to rising production \u003cbr\u003ecosts. Per-acre subsidy payments to grain producers now equal 7 to 15 percent of those \u003cbr\u003eproducers’ gross income, but grain payments appear to have little influence on production \u003cbr\u003edecisions. Chinese authorities began raising price supports annually to bolster incentives, \u003cbr\u003eand Chinese prices for major farm commodities are rising above world prices, helping to \u003cbr\u003eattract a surge of agricultural imports. U.S. agricultural exports to China tripled in value \u003cbr\u003eduring the period when China’s agricultural support was accelerating. Overall, China’s \u003cbr\u003eexpansion of support is loosely constrained by World Trade Organization (WTO) commitments, but the country’s price-support programs could exceed WTO limits in coming \u003cbr\u003eyears. Chinese officials promise to continue increasing domestic policy support for agriculture, but the mix of policies may evolve as the Chinese agricultural sector becomes \u003cbr\u003emore commercialized and faces competitive pressures.","brand":"ReadCycle","offers":[{"title":"Default Title","offer_id":47108971102448,"sku":"2940149073603","price":2.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/2940149073603_p0.jpg?v=1763711710","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/2940149073603","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}