Supervision Over Foreign Seed Companies Should be Strengthened in China

Guangzhou China, August 1, 2011 – CCM’s July issue of Seed China News has come out, which indicates that China advocates strengthening supervision over foreign seed enterprises in domestic market.

Some government ministries have jointly investigated the situation of foreign seed enterprises entering the domestic market, and the influence of foreign capital has brought to domestic seed industry.

Relying on the strong advantages in capital, R&D, core technology, brand, marketing and service, many foreign companies have actively entered domestic seed industry through the ways of M&A, joint venture, etc.

A source close to the investigation team disclosed on 20 July 2011 that, the investigation report is still in drafting at present, and most members participating in the investigation do not make suggestions to limit the development of foreign seed companies within China, but call for strengthening supervision over them, especially implementing appropriate measures, such as price ceiling, to those multinational companies with monopolistic behavior.

"It is reasonable for foreign companies to provide farmers with competitive products and services, if domestic companies are unable to do it temporarily", revealed by an investigator. Actually, the "closed protection policy" for blindly rejecting foreign capital is nothing short of seeking no progress.

More news about the industrial trend, company dynamics, market price, and future forecast are covered in Seed China News.

You may find more information in the latest issue of Seed China News:

-China advocates strengthening supervision over foreign seed enterprises in domestic market.-China shall continue to implement the super rice program with great effort in the period of 12th Five-Year Plan.-Changsha is developing into the center of China's seed industry.-Guangdong Kenong is set up to distribute vegetable varieties cultivated by VRIGDAAS.-Henan Qiule is growing rapidly by enhancing R&D capacity and acquiring other companies.-Winall Hi-tech is going to acquire Anhui Wannong, aiming to develop its wheat seed business. -Guangxi Zhaohe has established strategic partnership with CRI, GXAAS, by acquiring the latter's subsidiary and introducing some corn varieties.-Henan Goldoctor started to build another seed processing plant after the corn seed processing plant in Zhangye.-CNSGC is building "China Seed Life Science Technology Center" with huge investment, to implement research and industrialization of crop biotechnology.-Chinese scientists' research results in potato genome shall greatly accelerate the breeding process of new varieties.

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