Global EditionASIA 中文双语Français
Business
Home / Business / Macro

China steps up fiscal measures to increase hog production, ensure pork supply

Xinhua | Updated: 2019-09-05 17:05
Citizens in Zhengzhou buy pork at a local supermarket, Jan 27, 2019. [Photo/IC]

BEIJING - China has decided to strengthen its fiscal policies in a move to facilitate hog production and guarantee stable pork supply, according to the Ministry of Finance (MOF) Wednesday.

Subsidies to farms with culled pigs will be dispensed every six months instead of annually to accelerate the subsidy delivery, a circular jointly released by the MOF and the Ministry of Agriculture and Rural Affairs said.

Meanwhile, to further support the infrastructure building of animal disease prevention and control, local governments will lift the incentives to major hog producing counties, the circular said.

Insurance coverage on hogs was raised temporarily as well, with that for sows rising to 1,500 yuan ($211.6) from the former maximum limit of 1,200 yuan and that for finishing pigs growing to 800 yuan from 600 yuan.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US