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Ministry to earmark US$1.19b for agriculture
(People's Daily Online)
Updated: 2005-05-09 16:15
The Ministry of Finance will earmark some 9.85 billion yuan (US$1.19 billion)
for the agricultural comprehensive development this year, 800 million yuan more
than last year.
Nearly 6 billion yuan will go to grain grown areas. This is the highest
investment ever made for this purpose.
More than 70 percent of the total financial support to the agricultural
comprehensive development program will be spent in improving the harvest. If
nearly 30 million mu of fields with medium and low yields grow higher output as
a result of the improvement program, there will be at least another 3 billion
kilogram of grain output.
The whole project will also build water-saving infrastructure for the
irrigation and improve the eco-system. Support will also be given to the
industrialization of the agriculture.
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