News Photos
Search Advanced Sign in / Register fans
 
BUSINESS    
 

Advertisement

China to invest $9.5B to help farmers amid slump
Associated Press
2009-04-22 09:31 PM
China's central government will invest 65 billion yuan ($9.5 billion) on infrastructure and services in the vast and poor countryside to help farmers cope with the economic downturn, the Cabinet on Wednesday said.

The move to support the agricultural sector includes investing in pig raising and dairy farming and improving grain production, according to state broadcaster CCTV.

Infrastructure investment will focus on building rural facilities for farming education and health, as well as improving water supplies, electricity, roads and communications, a Cabinet report said.

The government will also work to boost the employment of rural migrant workers, increase rural credit and strengthen import and export controls, it said.

China's economy has slowed with growth in the first quarter slumping to its lowest rate in more than a decade.

The long-standing, politically sensitive wealth gap between China's city-dwellers and its farmers continues to widen, foiling pledges by communist leaders to help the countryside catch up.

Factories have closed forcing millions of migrant workers to return to their rural families who depend on their incomes.

 
Have Your Say :

We welcome your comments on this and other stories. Comments are submitted for possible publication on the condition that they may be edited. Please provide your full name and suburb/location. We also require a working e-mail address – not for publication, but for verification only.

 
Post your feedback
 
 
 
More Stories
Report: Hershey may launch bid for Cadbury   2009-11-21
Gold ekes out small gain, other metals hold steady   2009-11-21
US to mull Bernanke nomination on Dec. 3   2009-11-21
Mexico's economy rebounding, recession over   2009-11-21
Treasury prices drop, yields inch off lows   2009-11-21
P&G says it's still interested in acquisitions   2009-11-21
Ex-Vivendi CEO: I made mistakes but never misled   2009-11-21
Oil prices drop below $77 on economic doubt   2009-11-21
Volkswagen, Porsche move closer to merger   2009-11-21
Petters says he planned to tell gov't about fraud   2009-11-21
Dollar keeps gaining as traders pare risk exposure   2009-11-21
Investors sue US lawyer in fraud probe for $100M   2009-11-21
Stocks fall for 3rd day as dollar strengthens   2009-11-21
Asia markets fall as weak recovery signs pile up   2009-11-21
Oil prices up in Asian trade but still below US$78   2009-11-21
Euro stays weak in Asia on economic jitters   2009-11-21
Wall Street hit by tech sector jitters, global outlook   2009-11-21
Taiwan shares close down 0.99 percent   2009-11-21
Bank privatized   2009-11-21
Asia's airlines   2009-11-21
 
01     02   03   04   05   06   07   08   09   Next   >
 
To search for articles form the past seven days, Click on ARCHIVES
  7day free
 
 
TOP

©2009 Taiwan News All Rights Reserved.