As the COVID-19 pandemic has brought a huge impact on the global economy, China's agriculture sector delivered a robust performance in the first quarter of 2020, which analysts say is the foundation of the economic stability and enabled the country to cope with the epidemic headwinds.
China’s gross output value of agriculture reached 568.7 billion yuan ($80.3 billion) in the first quarter of 2020, and recorded a 3.5 percent year-on-year increase in the added value of the planting industry, and the breeding sows in stock expanded by 9.8 percent from the end of 2019, according to the Ministry of Agriculture and Rural Affairs.
Main Indicators |
1Q 2020 |
2Q 2020 |
Gross Output Value of Agriculture, Forestry, AnimalHusbandry and Fishery, Accumulated (100 million yuan) |
19,309.7 |
47,994.5 |
Gross Output Value of Agriculture, Accumulated (100 million yuan) |
5,687.2 |
20,558.6 |
Gross Output Value of Forestry, Accumulated (100 million yuan) |
816.0 |
2,300.1 |
Gross Output Value of Animal Husbandry, Accumulated (100 million yuan) |
9,532.5 |
17,705.7 |
Gross Output Value of Fishery, Accumulated (100 million yuan) |
2,157.2 |
4,788.4 |
Meanwhile, China's livestock product and slaughtering sectors have basically resumed work and production as containment of the COVID-19 outbreak is improving in the country. By March, 87 percent of 9,711 qualified feed producers had resumed operation, and feed production saw a 2-percent growth in the first two months from 2019, according to the country's agricultural ministry. The slaughtering industry also reported a work resumption rate of 87 percent among hog-slaughtering enterprises in the country and 83 percent of poultry slaughterhouses in 16 provincial-level regions had returned to work.