(CFP Photo)

Jiangsu has made smooth progress to implement its 3-year action plan on key projects of agricultural and rural areas.

The province has fully launched 743 major projects with a total investment of 75.7 billion yuan, according to the province's Department of Agriculture and Rural Affairs on March 5.

Compared with previous years, the investment will be at a much faster pace, and most of it will be put into operation in the first half of the year. In addition, the investment mechanism is getting more flexible as private investment continues to play the leading role.

The 3-year action plan lays emphasis on deep processing, new forms of industries and business models, and high technology. With a focus on six fields, such as stable agricultural production and supply, technological self-strengthening and digital farming, Jiangsu plans to build 300 provincial-level pilot projects and 3,000 high-quality key projects to drive new investment of one trillion yuan in agriculture and rural areas.

In addition, Jiangsu will continue to issue special bonds, make good use of the rural vitalization investment fund, and let the rural credit guarantee system play a more active role in directing loans to the rural economy.

In the digital agriculture initiative, Jiangsu proposes to build a big data system, give priority to building pilot bases for digital transformation of farming, animal husbandry, fisheries, and industrial parks, and promote the deep integration of digital technology and the agricultural industry.