SEOUL， Nov. 25 (Xinhua) -- Confidence among South Korean consumers over economic conditions worsened to the lowest in over seven years on growing uncertainties at home and abroad， central bank data showed on Friday.


The composite consumer sentiment index (CCSI) stood at 95.8 in November， down from 101.9 in the previous month， according to the Bank of Korea (BOK). It was the lowest since April 2009 when the global financial crisis rattled the world economy.


Concerns emerged about the so-called "consumption cliff，" which means a steep decline in private consumption expected to happen later this year or early next year on uncertainties.


On the domestic front， a scandal involving President Park Geun-hye and her longtime confidante is forecast to weaken consumer spending on rising expectations that the political crisis may disrupt economic policies.


President Park has rejected her voluntary resignation， and the National Assembly plans to impeach the scandal-plagued president. The impeachment process is predicted to take months and last until the first half of next year.


External uncertainties also grew as Donald Trump， who is known to be pessimistic about trade relations with South Korea， was elected as next U.S. president.


Consumers are worried about possible reduction in South Korean exports， which account for about half of Asia's No. 4 economy.


Expectations for consumer price inflation， which reflects outlook among consumers for headline inflation in the next 12 months， came in at 2.5 percent， unchanged from the previous month.


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5. Promoting steady development of agriculture and continuedincreases in rural incomes


We will do more to advance supply-side structural reform inagriculture， improve policies to boost agriculture and benefitfarmers， and create more channels for rural residents to findemployment and increase their incomes. We will ensure China's foodsecurity， see that agricultural modernization and new urbanizationreinforce each other， and speed up efforts to foster new driverspowering agricultural and rural development.


We will push forward with structural adjustment inagriculture.


We will guide farmers in responding to market demand， increasingthe supply of quality green agricultural products and theproduction of quality rice and wheat， and making appropriatereductions to the amount of land devoted to growing corn. We willexpand trials to replace grain crop with feed crop cultivation tocover over 667，000 hectares. We will encourage the use of multiplechannels to reduce excess stockpiles of corn. We will support majoragricultural production areas in developing intensive processing ofagricultural products， develop farm-based recreation oragritourism， extend industry chains and value chains， and step upthe integrated development of primary， secondary， and tertiaryindustries in rural areas.


We will boost the development of modern agriculture.


We will work faster to see due standards are followed inagricultural production， and promote the development and protectionof brand name agricultural products. We will create functionalzones for grain production， major agricultural product protectionareas， areas for growing quality and distinctively localagricultural products， and modern agriculture industrial parks. Wewill continue to improve rural land， upgrade low- and medium-yieldcropland， and spread dry-farming techniques， adding 1.33 millionhectares of farmland under highly water-efficient irrigation. Wewill strengthen the protection of cultivated land and improve workto offset cultivated land used for other purposes.


Developing appropriately scaled， diversified farming operationsis vital for Chinese-style agricultural modernization， and theseoperations need to be covered by agricultural insurance. This year，in selected counties and county-level cities in 13 majorgrain-producing provinces， we will provide catastrophe insurancefor farmers engaging in appropriately scaled farming operations. Wewill channel a portion of budgetary disaster relief funds into thisinitiative and expand the coverage and raise the benefits of theinsurance scheme. We will improve the agricultural reinsurancesystem. We wish to use sustainable and sound agr. Cheap Jerseys Cheap Jerseys China Cheap Authentic Jerseys Cheap Wholesale NHL Jerseys Cheap NFL Football Jerseys Wholesale Jerseys Wholesale NFL Jerseys Wholesale Basketball Jerseys Wholesale Baseball Jerseys Wholesale NCAA Jerseys