China to promote new types of agribusiness: Vice Premier

HANGZHOU -- Chinese Vice Premier Wang Yang said the government will increase policy support for new forms of agribusiness to bolster rural economy.

"Large-scale agricultural operations in new forms will lead agricultural modernization," Wang said when addressing a meeting held on Wednesday and Thursday in Huzhou, East China's Zhejiang province.

The meeting discusses cultivating new types of agribusiness and increasing the scale of agricultural operations.

Wang called for promoting the development of family farms, large and specialized agricultural operations, farming cooperatives and other emerging forms of agribusiness.