Government and Policy
China allocates $12.7B farming subsidy
(Xinhua)
Updated: 2010-02-04 20:02
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BEIJING: China's Ministry of Finance (MOF) announced Thursday it had earmarked 86.7 billion yuan ($12.7 billion) of subsidy for grain-growing farmers nationwide.
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China vowed to put more investment, subsidies, fiscal and policy support into rural areas this year to better coordinate urban and rural development, the central government said Sunday in its first policy document of this year.
