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Shandong plans US$2.47b in rural areas
(Xinhua)
Updated: 2004-05-26 16:01
Shandong Province in East China plans to spend 20.47 billion yuan (US$2.47
billion) this year on grain production, rural infrastructure construction and
ecological conservation.
Yin Huimin, head of the provincial Finance Department, said at a meeting on
the issue Tuesday that the investment will be 5.47 billion yuan (US$659.03
million), or about 33 percent, more than the year-earlier level.
Most of the money will be used in grain production, infrastructure
construction and ecological conservation in rural areas, and in agricultural
industrialization and popularization of farming-related scientific and
technological research results.
Meanwhile, the provincial government will spend 320 million yuan (US$38.55
million) annually in the 2004-08 period on the improvement of five million mu
(about 333,500 hectares) of lower-yield farmland.
For this year, the government has earmarked 736 million yuan (US$88.67
million) to directly subsidize farmers to grow wheat, Yin
said.
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