Bayer hopes to cure what ails Chinese farms

Bayer CropScience AG, the agricultural subgroup of Germany's Bayer AG, will introduce 21 new products into China before 2020, as well as invest 10 million euros ($12.62 million) in recruiting workers for further expansion, said its global head.

Liam Condon, chief executive officer of Bayer CropScience, said products such as high-yielding seeds, herbicides, fungicides and advanced farming applications will be key drivers of China's agricultural development.

"These new products will be used in the areas of crop protection, non-agricultural pest control, seed treatment and plant biotechnology," said Condon. "We are convinced of the long-term growth potential of agricultural markets despite the increasing volatility of the global market."