In the years leading to project preparation in 2005, the People’s Republic of China (PRC) experienced a sharp rise in demand for agricultural products, especially higher-value horticultural and livestock products.
Liaoning province, in the southern part of northeast People’s Republic of China (PRC), functions as a major hub between the country’s northeastern economic region and fastest-growing economic region of Pan-Bohai that includes the cities of Beijing and Tianjin.
During project preparation, an unprecedented inflow of foreign direct investment (FDI) in cross-border contract farming and large land concessions marked the agriculture and natural resources (ANR) sector of the Lao People’s Democratic Republic (Lao PDR). Investors included businesses from the People’s Republic of China, India, Republic of Korea, Thailand, and Viet Nam.
In 2006, Sanmenxia municipality in the Henan province of the People’s Republic of China (PRC) witnessed its highest economic growth rate since 1997. Gross domestic product (GDP) rose by 16.5% over 2005. Per capita GDP exceeded both the provincial and national averages. A key factor was the high domestic and export demand for fruits and fruit products.
During project appraisal in 2008, Odisha (formerly Orissa), in northeastern India, was one of the poorest states in the country. Agriculture employed 60% of its available labor and generated one-third of its gross domestic product.
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