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 provide wider farm insurance coverage

June 21, 2021


Abstract : A State Council executive meeting Friday decided to provide wider farm insurance to help farmers fend off risks and stabilize income from grain production.

BEIJING, June 18 (Xinhua) -- A State Council executive meeting Friday decided to provide wider farm insurance to help farmers fend off risks and stabilize income from grain production.

The meeting was presided over by Premier Li Keqiang and said 500 counties in 13 major grain production provinces would have insurance for planting rice and wheat. It will cover costs for seeds, fertilizers, pesticides, land, labor, and losses from natural disasters, plant diseases, and insect pests, among others. The insurance for those planting corn will cover losses due to price and output fluctuations.

The meeting decided to provide a one-time subsidy to farmers growing major grains to cushion them from sharp price increases of farming supplies and stabilize their income. The total subsidy amount will be around 20 billion yuan (about 3.11 billion U.S. dollars).

The meeting urged financial institutions to cut fees further to help micro and small enterprises and individual business owners lower their costs.

Measures including reducing online payment and bank card processing fees for merchants will lighten the burden on enterprises and people by 24 billion yuan, the meeting said.

The meeting stressed accelerating the development of affordable rental housing to meet the basic housing needs of migrant workers and university graduates, among others.

The meeting also passed a draft revision of China's population and family planning law and decided to submit it to the National People's Congress for deliberation. Enditem

Scan the QR code and push it to your mobile phone

Keyword: farm insurance

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