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China earmarks nearly 5 bln yuan for agricultural investments

The central government plans to provide 4.93 billion yuan (805.98 million U.S. dollars) to finance a total of 4,238 agricultural projects.

Tuesday 16 June 2015 (2 years 8 months 3 days ago)

The central government plans to provide 4.93 billion yuan (805.98 million U.S. dollars) to finance a total of 4,238 agricultural projects, including 1,445 planting bases, 1,369 breeding bases and 914 product processing items, the MOF said in a statement posted on its official website.

Leading agricultural enterprises, superior or distinctive agricultural products involving livestock breeding, grain and oil as well as vegetables were listed as priorities for gaining access to the support, said the statement.

The MOF said the central fund will spur further investments of 2.58 billion yuan from local governments and 10.39 billion yuan from self-raised funds and bank loans.

Monday June 8, 2015/ MoA/ China.
http://english.agri.gov.cn

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