China's Grain Growers to Get Funding

2005/02/15
Pictured: Chinese rice paddy (by Wang Huiming)

China will allocate US$660 million to grain producing counties.

The Ministry of Finance will allocate 5.5 billion yuan or more than US$660 million this year to some 800 grain producing counties.

Major grain producing areas suffering from low grain prices are incapable of developing infrastructures, such as educational and public health facilities.

The government's financial assistance aims to alleviate the burden on these counties' expenditure and stabilize grain output.



	Article featured in Business Beijing, February 2005 Publication sponsored by Information Office of the Beijing Municipal Government, Beijing Municipal Bureau of Commerce, Development & Reform Commission of Beijing Municipality, China Council for the Promotion of International Trade (Beijing Sub-Council)