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
Policy

China to give one-off subsidy against price rally of farming supplies

June 21, 2021


Abstract : China will give one-off subsidy to cushion farmers from the sharp price increases of farming supplies, the State Council's Executive Meeting chaired by Premier Li Keqiang decided on Friday.

BEIJING, June 18 (Xinhua) -- China will give one-off subsidy to cushion farmers from the sharp price increases of farming supplies, the State Council's Executive Meeting chaired by Premier Li Keqiang decided on Friday.

Agriculture is a sector for maintaining public confidence and ensuring social stability. The Communist Party of China Central Committee and the State Council place high importance on grain production and food security. The price surge of commodities this year has notably driven up the prices of agricultural supplies like fertilizers and diesel.

To keep farmers motivated, the meeting decided that based on China's realities as a developing country, the central government will earmark 20-billion-yuan (about 3.11 billion U.S. dollars) funds for granting one-off subsidy to crop-growing farmers in light of the extra costs relating to farming supplies for major grain crops, to keep their incomes stable. Measures will also be taken to better regulate the agricultural supplies market and guide enterprises to beef up supply of the domestic market.

"Now is a crucial time for summer harvest and planting, which forms the bulk of the country's grain output. Subsidy should be issued as soon as possible, to keep up with the summer farming schedule," Li said. Enditem

Scan the QR code and push it to your mobile phone

Keyword: farming supply crop-growing farmers

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