China's agricultural policies have demonstrated remarkable consistency, underscoring the country's commitment to advancing rural development, Carlos Aldeco, the Food and Agricultural Organization (FAO) China representative, told China Global Television Network (CGTN) in a recent interview.
China, the world's largest developing country and a global leader in agricultural development, has been dedicated to safeguarding food security, Alder said, highlighting the focus of China's annual "No. 1 central documents," the first policy statement released by China's central authorities each year, on agricultural development.
"I think China has put in place very interesting policies to promote agricultural development. The No.1 Documents issued by the central government have been highlighting topics related to farmers, agriculture, and rural development for more than 20 years. This highlights the consistency in China's agriculture policies over decades and also shows the systematic approach that China has to advance rural development," said Aldeco.
Aldeco also highlighted China's strong investment in the agricultural sector, which is a driving force behind the sector's growth and underpins the implementation of policies.
"Most importantly, this consistency in China's agricultural policy-making is coupled with targeted investments which reinforced those policies, accelerating China's development in the agricultural sector," said Aldeco.
FAO representative speaks highly of China's agricultural policies
U.S. stocks ended mixed on Friday as investors assessed a new set of global tariffs against a backdrop of AI jitters, rising oil prices, and elevated bond yields.
The Dow Jones Industrial Average rose 0.46 percent to 51,947.25. The Standard and Poor's 500 added 0.05 percent to 7,411.98. The Nasdaq Composite Index shed 0.64 percent to 24,975.82.
Ten of the 11 primary Standard and Poor's 500 sectors ended in the green, with real estate and materials leading the gainers by going up 2.36 percent and 1.44 percent, respectively. Meanwhile, technology bucked the trend by falling 0.88 percent.
Even with Friday's modest gains, the major indexes registered weekly losses after the "Magnificent Seven" stocks collectively shed nearly 800 billion U.S. dollars in market value on Thursday amid a sell-off sparked by ballooning AI spending.
The United States imposed tariffs of 10 percent to 12.5 percent on imported goods from dozens of economies starting Friday, citing Section 301 of the Trade Act of 1974. The new trade measures took effect just as temporary 10-percent worldwide tariffs expired the same day at 12:01. The administration of U.S. President Donald Trump had turned to those temporary levies after the Supreme Court struck down his broader tariff initiatives in February.
On the corporate front, Intel shares fell nearly 8 percent on Friday despite the company's second-quarter results exceeding Wall Street's expectations. Verizon Communications and NextEra Energy reported earnings that beat expectations but missed revenue estimates.
American Express shares slipped more than 4 percent as investors focused on an unchanged profit outlook, although the credit card provider raised its 2026 revenue forecast on Friday because its affluent customers continued to spend on travel, entertainment and dining.
U.S. stocks close mixed to end volatile week
