China agriculture equities surge as government urges higher soybean output in 2022

Shares of Chinese companies in the agriculture sector traded sharply higher on Monday with several stocks hitting a limit-up as China sets a new agenda for the sector in a critical meeting over the past weekend. The Chinese government called for “stable production and supply” and “stable agriculture and rural development” in the Central Rural Work Conference held in Beijing last weekend, according to state newspaper People’s Daily. Moreover, the country will aim to expand its soybean output next...

 

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