investing.com 19 Dec, 2020 07:45 am

China signals GM, biotech push in key policy statement By Reuters

China signals GM, biotech push in key policy statement

Commodities 1 hour ago (Dec 19, 2020 01:10AM ET) SHANGHAI/BEIJING (Reuters) - China will industrialise biotech breeding as part of a campaign to improve food security, top leaders said in a policy statement late on Friday, signalling Beijing could soon take a further step towards commercialising genetically modified (GM) crops."The key to ensuring food security lies in implementing the strategy of storing grain in the ground and storing grain in technology," according to the statement, published by the official Xinhua news agency.It said the country needed to prevent the misuse of land and build a "national food security industrial belt".Though the statement did not refer specifically to GM, analysts said it emphasises the role new technology must play in China's food security efforts, now a major priority as the country tries to insulate itself from trade disruptions and ensure it makes the most of its scarce farmland.

According to a statement issued after the annual Central Economic Work Conference held on Dec.The Central Economic Work Conference is an annual gathering in which top leaders and policymakers plot the country's economic course for the following year.

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