China raises seven major tasks to develop smart agriculture

China has rolled out plans to develop smart agriculture by giving prominence to the completion of seven major tasks by 2028 in terms of precision planting, digitalized cultivation and intelligent livestock breeding and fisheries.

Released by the Ministry of Agriculture and Rural Affairs, the plans include guidelines and action items that focus on significantly improving the application of smart agriculture. Key areas of emphasis include promoting precision planting of major grains, digitizing agricultural equipment, and enhancing intelligent livestock breeding and fisheries.

"We have orchestrated a monitoring network consisting of remote satellites, drone surveillance and ground screening, enabling real-time and comprehensive monitoring of agricultural meteorology, soil moisture content, and environmental factors such as pests and diseases. This greatly improves our ability to monitor and forecast agricultural disasters," said Wang Yaozong, director of the Department of Market and Informatization at the Ministry of Agriculture and Rural Affairs.

For the first time, the construction of public service capacity for smart agriculture has been proposed. To support this initiative, relevant authorities will build a big data platform for agriculture and rural affairs and develop a range of models and tools to promote the digital transformation of farmers and agricultural businesses at low costs.

In Xiong'an New Area, Hebei Province, a smart farm called Fuxi Farmland has been implemented in various cities across China.

Utilizing big data and artificial intelligence (AI), engineers can manage grain planting by controlling remote unmanned machines from a control center located 20 kilometers away, while accessing real-time information about crops through a large monitoring screen.

"The smart agricultural machines are equipped with various intelligent control systems. Following the pre-set routes, they can operate accurately according to our pathways, with support from the BeiDou Navigation Satellite System, all initiated through an app on a mobile phone or smart terminal," said Bi Zhiqiang, an engineer at the Institute of Computing Technology, Chinese Academy of Sciences.

Besides serving sowing and planting links, smart equipment also enhances breeding efficiency by creating models based on big data to optimize processes. To date, Fuxi Farm has been established in several provinces, facilitated by the deepening integration of technologies such as the Internet of Things and AI with agriculture.

China raises seven major tasks to develop smart agriculture

The European Central Bank (ECB) announced on Thursday that it would slash key interest rates by 25 basis points in a bid to wind down the restrictive monetary policy.

Effective from March 12, the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be decreased to 2.50 percent, 2.65 percent and 2.90 percent respectively, said the central bank in a statement.

The disinflation process is well on track, with headline inflation averaging 2.3 percent in 2025, 1.9 percent in 2026 and 2.0 percent in 2027, the ECB said.

The decision to keep on cutting rates came at a time when the economy in the eurozone is facing increasing uncertainties.

In its latest edition of the staff projections on Thursday, the ECB lowered its forecast for economic growth in the eurozone to 0.9 percent for 2025, 1.2 percent for 2026 and 1.3 percent for 2027.

This marks a downward revision from the ECB's forecast in December last year, which had projected 1.1 percent growth in 2025 and 1.4 percent in 2026, while the 2027 outlook remains unchanged.

The ECB attributed the weaker growth outlook for 2025 and 2026 to declining exports and sluggish investment, citing high trade policy uncertainty and broader economic instability as key factors.

ECB cuts interest rates by 25 basis points