Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Policy

China to subsidize pig farms to ensure supply

September 09, 2019


Abstract : China has decided to offer subsidies from the central budget to large pig farms to support their facilities construction in the latest effort to stabilize pork supply.

BEIJING, Sept. 9 (Xinhua) -- China has decided to offer subsidies from the central budget to large pig farms to support their facilities construction in the latest effort to stabilize pork supply.

One-off subsidies will be handed out to newly built or rebuilt pig farms, scale farmers as well as some relocation projects before the end of 2020, according to work plans jointly released by the National Development and Reform Commission and the Ministry of Agriculture and Rural Affairs.

The funds will be used to support the construction of facilities including epidemic prevention and automatic feed plants.

In principle, the central subsidies, ranging between 500,000 yuan (about 70,570 U.S. dollars) to 5 million yuan, should not exceed 30 percent of the total project investment, said the plans.

In 2020, China will also select 100 counties with breeding stocks of more than 100,000 pigs to push waste utilization, with subsidies of no more than 30 million yuan.

The move came as China's pig supply had shrunk substantially due to multiple factors including African swine fever and higher costs of pig breeding, which pushed up pork prices.

Last week, the Ministry of Finance said it would strengthen its fiscal policies to boost hog production and guarantee stable pork supply.

Scan the QR code and push it to your mobile phone

Keyword: agricultural china-economy

Reading:

27 new projects under CPEC expected to start by the end of 2019

China warehousing demand rebounds in August to four-month high: survey

China's exports up 2.6 pct in August, imports down 2.6 pct

China issues 17 measures to support hog production

China-ASEAN AI Summit

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial