Agricultural Insurance in China
The system of agricultural insurance is a key sector of the state economy and the development of agricultural sector in general. As we may see now China is one of the leading agricultural countries showing good indicators of agricultural products export. By the aid of this insurance program farmers have become secure and make a significant contribution to the development of rural economy and, as a result, economy of the whole country. This article is aimed at the history of agricultural insurance market, its success and failures, its establishment as a separate mechanism since 2007, though the agricultural insurance goes back to 1980s. The article analyzes the structure of agricultural insurance systems, focuses on the sustainable development of the agricultural sector after the introduction of the new insurance campaign of 2007.
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