Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 21:02, March 07, 2006
China allocates US$587 million in subsidies for spring farming
font size    

The Chinese central government said Tuesday it has allocated 4.71 billion yuan (about 587 million US dollars) in subsidies for farmers in a bid to support their spring ploughing.

The Ministry of Finance said the subsidies include 3.67 billion yuan for purchases of improved strains of seed, 540 million yuan for farming machinery, and 500 million yuan to cover farmers' bills for testing the soil of their farmland before applying fertilizers.

The subsidies allocated constitute part of the proposed budget spending for this year, said the ministry in a statement. The country's budget, which was tabled on March 5 to the national legislative body for approval, is expected to be passed at the end of the ongoing session of the legislature next week.

Total proposed subsidies for improved strains of seed stand at 4.07 billion yuan, and the proposed subsidies for purchase of farming machinery is 600 million yuan, said the ministry.

The subsidies were designed as part of the measures by the central authorities to boost agriculture for improved agricultural production capability to ensure food security.

Source: Xinhua


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News

Manufacturers, Exporters, Wholesalers - Global trade starts here.
Copyright by People's Daily Online, all rights reserved