Over the last several decades, China has been at the forefront of agricultural technology progress.
Its exceptional growth rates enable it to quickly develop technological leadership in fields such as e-commerce, e-payments, and much more.
With so much of China already having a high level of tech market penetration, the agricultural technology (AgTech) scene is one area that might profit from and assist encourage additional growth in China’s economy.
Though less attractive to mainstream investors than more dynamic ecosystems such as the blockchain and e-commerce industries, China’s agricultural industry can help strengthen China’s global technology position and serve as a springboard for domestic innovation.
Despite importing a considerable percentage of its consumable food, China remains a major agricultural exporter, with China expected to cultivate 74% of all pears, 54% of all apples, 37% of all peanuts, and 29% of all rice by 2020.
Despite difficulties such as scalability and consumer education, as well as declining worker utilization and increased conversion of agricultural-focused land to industrial use, China’s agricultural ecosystem can still flourish and provide an outlet for the country’s worldwide technical leadership.
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