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China drafts 2016-2020 plan of farm machinery industry

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2014-12-15 GMT+8:00

BEIJING, Dec. 15 (Xinhua) -- China is drafting a development plan for the farm machinery industry in the five year period of 2016-2020 and will lend support to foster leading farm machinery enterprises, according to a China Securities Journal report.

It is expected that China's farm machinery industry will see its total output value exceed 400 billion yuan by 2015, indicating huge market potentials, analysts say. (Edited by Shi Chunjiao, shichunjiao@xinhua.org)

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