The 300 million-yuan ($36.25 million) project was expected to supply 270 tonnes
of corn seeds, 30 tonnes of soybeans and 200 tonnes of rice seeds in 2001, said
an official at the Jilin branch of China Research Institute of Agricultural
Science.The GM crops developed by the institute would be resistant to pests, which would
help farmers save on pesticides, said Liu Depu, one of the experts participating
in the project.
Every year, 20 to 30 percent of China's annual corn output is lost to pests while
10 percent, or even more, of annual soybean output is lost, he said.
"GM crops would help solve the pest problems," said Liu.
"It's very important for China to secure a stable grain supply for its growing
population," he added.
The project received funding from Premier Zhu Rongji in addition to local
government support.
"We have to develop our own technology on GM crops ahead of the inroads of
foreign GM seeds," said Liu.
The institute will set up a new company, to be named Jinong Hi-Tech Co Ltd, to
take over the project after 2003.
"We want to build an internationally competitive company", Liu said.
"Besides GM corn, soybean and rice, we will develop other GM seeds."