China: CAG to invest RMB 50bn in agricultural projects

One of Beijing’s largest agricultural companies, Capital Agribusiness Group (CAG), announced that over the next 10 years, it will invest RMB 50bn in the Beijing-Tianjin-Hebei region in a series of projects in livestock, fruit import/export, agricultural byproducts, etc.

Specifically, the RMB 50bn will be invested in the ‘Hebei Sanyuan Industrial Park’, the ‘Chengde Yudaokou Eco-tourism project’, the second phase of the ‘CAG Dingzhou Circular Agriculture Demonstration Park’, and the ‘Wuqiang Broiler Industry Poverty Alleviation project’.

According to previously released information, CAG plans to invest RMB 30bn in the Chengde Yudaokou Eco-tourism project alone. Publicly available information shows that Yudaokou Ranch is owned by Chengde Sanyuan Co. and is a joint project between CAG and the Chengde municipal government. The ranch is located north of the dam in Chengde’s Wuchang county, 400 kilometers from Beijing. It covers a total of 1.495m mu, with 219,000 mu of natural forest and 1.2m mu of natural pasturage. The land has 21 lakes of over 100 mu, 47 natural springs, and 13 streams and rivers.

In addition, CAG plans to accelerate the establishment of Beijing’s first logistics network for agricultural byproducts, building 11 wholesale markets and 1m tons of cold storage capacity in Hebei. In the Beijing-Tianjin-Hebei region, the company will open 3,000 consumer food stores.

Source: Smart Agriculture Analytics (www.smartaganalytics.com)