On December 28, 2016, the State Council of China published the Opinions of the General Office of the State Council on Further Promoting the Development of the Agricultural Product Processing Industry (Guo Ban Fa (2016) No. 93) (the Opinions), to support the development of the Chinese agricultural product processing industry, and deepen the reform of the Chinese agricultural supply structure. The Opinions aim to have the processing rate of agricultural products reach 68%, the operating revenue of above-scale agricultural product processing industry grow more than 6% on average, and the ratio of the output of agricultural product processing industry and the total agriculture output reach 2.4:1, by 2020. The Opinionsfurther aim to have the processing rate of agricultural products reach 75% by 2025. To effectuate the implementation, the Opinions call on the government to implement and improve preferential tax policy for agricultural product processing enterprises and support those enterprises to apply for government subsidy funds. The Opinionsfurther call on local governments to increase the scale of government subsidy funds. The Opinions also call on banking institutions to increase credit loans for agricultural product production, purchasing, processing, distributions, warehousing, and etc.