SOURCE: China Metro-Rural Holdings Limited

China Metro-Rural Holdings Limited

March 08, 2011 07:55 ET

CNR's CEO Discusses the Consolidation of the Agricultural Foundation With Shareholders

NEW YORK, NY--(Marketwire - March 8, 2011) - The CEO of China Metro-Rural Holdings Limited (NYSE Amex: CNR) (the "Company" or "CNR") discussed the National People's Congress Plenum that was held in Beijing last Friday. The National Development and Reform Commission (NDRC) have outlined in their Report on the Implementation of the 2010 Plan for National Economic and Social Development and on the 2011 Draft Plan for National Economic and Social Development (the "Report") that "the agricultural foundation was consolidated."

Mr. Sam Sio, CNR's CEO, states, "It is vital for me to explain in detail to the shareholders and investors about our China Governmental Policy, as most of our shareholders are on the other side of the Pacific. It is important for us to inform them of the China fiscal and monetary policies which may have deep impacts in their investments. The 4th Plenary Session of the 11th National People's Congress has opened on March 5 and will conclude on March 14. The meeting is expected to approve the country's 12th Five Year Plan."

An English version of the Report in full can be found via the following weblink:

http://blogs.wsj.com/chinarealtime/2011/03/05/china-npc-2011-reports-full-text/

"CNR's agricultural logistics platforms are strategically invested in rural areas and agricultural areas," Sam explains, "the China policies forester the agriculture industry in China. Annual central government spending on agricultural, rural areas and famers totaled 857.97 billion RMB in 2010, which is up 18.3% from the previous year. In 2010, the rural income per capita is RMB 5,919, while urban income per capita is RMB 19,109. In order to increase disposable income of farmers in the rural areas, such as lower tax rates and savings on transaction costs, it is important to facilitate an effective distribution channel. On page 5 of the Report, it states "We supported the construction of distribution infrastructure such as wholesale markets for agricultural products, grain and edible oils storage facilities, and cold-chain logistics for agricultural products. CNR is one of the pioneers in the China Agricultural Logistic Industry. Our management believes that implementation of China rural and agriculture policies will benefit the rural population as well as CNR."

ABOUT CHINA METRO-RURAL HOLDINGS LIMITED
China Metro-Rural Holdings Limited is one of the leading developers and operators of large scale, integrated agricultural logistics and trade centers in Northeast China that facilitates a relationship between sellers and buyers of agricultural commodities and small appliances, provides relevant physical platform and timely marketing information and intelligence, provides a transparent and competitive market price discovery mechanism and provides infrastructure to enhance the living standards of those from the rural area.

Forward-Looking Statements
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Contact Information

  • CONTACT:
    China Metro-Rural Holdings Limited
    Investor Relations Department
    Phone: (852) 2111 3815
    E-mail: Email Contact