The Chinese Premier Wen Jiabao has said that if oil prices raise further, that the government will offer farmers more in the way of subsidies for grain production. He went on to say that the agricultural subsidies would be increased gradually.
His comments were made during an inspection tour of central China's Henan province, China's largest wheat producing area. Wen said earlier this month that China aims to spend CNY1.23 trillion (US$195 billion) on its agricultural sector this year, which is an increase of CNY186.8 billion (US$29.5 billion) compared with 2011. Read more ...
His comments were made during an inspection tour of central China's Henan province, China's largest wheat producing area. Wen said earlier this month that China aims to spend CNY1.23 trillion (US$195 billion) on its agricultural sector this year, which is an increase of CNY186.8 billion (US$29.5 billion) compared with 2011. Read more ...
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