June 21, 2011

China's agri investments reach US$280 million

Over the first five months of 2011, China has invested over US$280 million to support projects in agriculture.

The Chinese Ministry of Finance has revealed much of the investment money was used to pay interest on discount loans which were raised for agricultural projects.

Projects enjoying the discounted loans are in the grain, cotton and vegetable oil processing markets.
 

The Ministry of Finance supports agricultural projects for rural farmers.