Mr. Yao Minpu, CEO of Chia Tai Group China

Your Excellency Mr. Dominique de Villepin, Former Prime Minister of France,

Respectable Mr. Huang Xiaoxiang, Vice Governor of Sichuan Province,

Respectable Mr. Ge Honglin, Mayor of Chengdu City,

Ladies and gentlemen,

Good morning! Please first allow me to extend my gratitude to APCEO, the government of Sichuan Province and the government of Chengdu City for your kind invitation.

The financial crisis that is sweeping across the world is turning into an economic crisis, within which China is unlikely to be unharmed. The Chinese government is and will be adopting a series of policies to enlarge domestic demand. And I'd like to share with you my opinions on the issues of agriculture, rural areas and farmers.

First, in addition to investment in basic constructions, we also need increase farmers' income and narrow the wealth gap between the urban and rural areas to enlarge domestic demand. What’s more, our government should take this opportunity to turn our society from purely production-oriented society to consumption-oriented society. In order to increase the income of farmers, we need to bring the prices of agricultural products in line with the international standard. By doing this, we could increase the grain production and farmers’ income, and in turn exert a positive influence on the low-income groups of the rural people. The current financial crisis centers on the western countries, so the western economies suffer a lot. Therefore, it's very difficult to export goods to the west countries even if the export rebates are reduced. Stimulating investment is the only way out of this financial crisis, and the only way to enlarge domestic demand is to encourage people to spend money which they dare not spend.

Second, the construction of new countryside in china is not a matter of building new houses but a matter of realizing agricultural industrialization. As is known to everyone, there are four risks existing in the livestock breeding industry: risk of breeding, risk of the market, risk of food safety and risk of environmental protection. Industrialization is necessary to address the four risks. Accroding to our fifty years of experience in Thailand and thirty years of experience in the Mainland of China, agricultural industrialization can be generalized into six aspects: 1) a leading company driving the industrialization; 2) region-based distribution; 3) specialized division of labor; 4) socialized services; 5) corporate management;and 6) integrated operation.

Chia Tai Group entered into China as early as in 1979, the first foreign company in China. In the following 30 years, Chia Tai Group has developed from the initial breeding into a comprehensive and diversified group engaged in a variety of fields. We are now working in close cooperation with Chengdu City of Sichuan Province. As a transnational corporation, Chia Tai Group has a lot of experience especially in building a complete agricultural and husbandry industrial chain, and will definitely make more contributions to China's prosperity.

Thank you!