The Ministry of Finance said Friday it has allocated 7.9 billion yuan ($1.25 billion) to support spring ploughing, which is pivotal to the country’s grain harvest. The money will be used to fight drought, prevent plant pests, cultivate new seeds and subsidize farmers, the MOF said in a statement…Full-text article: China Daily Apr 2013

Key point

  • According to the article, as of the end of March 2013, China has allocated CNY 400 billion (~US$65 billion) of the CNY 774.8 billion (~US$125 billion) budgeted to promote domestic agricultural production

Similar Posts by ChinaAg

Spread the word. Share this post!