a very large percentage of China's GDP comes from agriculture still. The challenge the Govt. faces there is to keep farmer's on the land, because if there was a flood of farm folk into urban areas, it would be catastrophic to their economy.
I don't agree with that at all. An efficient economy needs an efficient agricultural sector that has a small contribution to GDP.
GDP contribution is almost meaningless when it comes to agriculture. In fact, you want agricultures GDP contribution to be as small as possible to have a well run economy. The lower agricultures GDP contribution, the less labour it requires. [GDP is after all a measure of goods and SERVICES, as in labour]. The less farm workers, the more people are available to do other jobs, [namely services and manufacturing] and the stronger will be the economy.
It's almost humerous now every time I read some dumb city journalist attempting to denigrate Australian agriculture by pointing out it's ever falling contribution to GDP. They are too silly to realise that as agriculture becomes more efficient, it's GDP contribution drops.
Perhaps that's why they are journalists?
Look at 3 countries. Australia, China, and Ethiopia.
Country......................Ag GDP contribution......%farm workers.
Ethiopia.......................47%..........................80%
China..........................11%..........................43%
Australia.......................3%...........................3.6%
Ethiopia is a basket case economy. Almost the entire workforce is required to feed itself. And it can't even do that, as Ethiopia depends on food aid. In effect, it takes the work of one farmer to supply enough food for two people.
China grows enough food to feed itself. Population 1300 million. Workforce 800 million, times by 43%, so there are 344 million farm workers feeding 1300 million people. So each Chinese farm worker is feeding nearly 4 people.
Australia grows enough food to feed itself and export the other two thirds, so enough for 60 million people. Population, 21 million people. Workforce 11 million people, times by 3.6%, so there are 396,000 farm workers feeding 60 million people, so one Australian farm worker is feeding 150 people.
So we have each Chinese farm worker feeding 4 people,
compared to each Australian farm worker feeding 150 people.
The sooner China fixes up it's grossly inefficient farm sector, the sooner the whole country can start to enjoy the chance of a higher standard of living enjoyed by other countries with an efficient ag sector. Countries like Australia, New Zealand, and the US.
See ya's.