China expected to focus on high-value agri exports

China is expected to shift its agricultural trade toward higher-value exports and more diversified markets during the 2026-30 period, according to a new industry report.

The Chinese Academy of Agricultural Sciences released the China Agricultural Sector Development Report 2026 on Wednesday. The report showed that China's agricultural exports reached a record $104.16 billion in 2025. It was unveiled by Hu Xiangdong, director of the academy's Institute of Agricultural Economics and Development. The report noted that the vegetable, fruit and aquatic product industries are shifting from an export-oriented model to a more balanced approach serving both domestic and international markets. Hu said agricultural trade should emphasize improving product quality, processing capacity and supply chain efficiency. The report also forecast that China's soybean self-sufficiency rate will rise from 15.8 percent to 21.5 percent by 2030.

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Illustration of China's record Q1 foreign trade growth, depicting a busy port with ships, cranes, and surging trade graphs.
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China's Q1 foreign trade up 15%, fastest in five years

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China's foreign trade reached 11.84 trillion yuan ($1.63 trillion) in the first quarter of 2026, up 15% year on year, the fastest quarterly growth in nearly five years, officials from the General Administration of Customs announced on Tuesday. Exports totaled 6.85 trillion yuan, up 11.9%, while imports rose 19.6% to 4.99 trillion yuan. The figure marks the first time first-quarter trade has exceeded 11 trillion yuan.

China purchased more than 338 million metric tons of autumn grain from the 2025 harvest season by the end of April, one of the highest levels in recent years. Official data released on Sunday showed the peak purchasing season concluded then. Grain quality was generally good with stable prices.

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China's State Council unveiled a blueprint on Tuesday aiming to grow its service sector to 100 trillion yuan (US$14.7 trillion) by 2030, fusing software and steel to modernise advanced manufacturing and avert deindustrialisation. The plan spotlights 'producer services' such as specialised logistics, information technology and advanced research. Analysts say it will cultivate world-class Chinese brands and shore up the industrial backbone.

Chinese President Xi Jinping called for breaking new ground in the high-quality development of China's service sector at a national conference held in Beijing from Tuesday to Wednesday. He underscored demand-driven development, reform breakthroughs, technology empowerment, and opening up. Premier Li Qiang and Vice Premier Ding Xuexiang addressed the meeting.

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China's export prices rose 5 percent in April, marking the fastest increase in three years. The jump was fueled by global energy costs and demand tied to artificial intelligence for commodities such as oil, metals and semiconductors.

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