July 14, 2008

 

China to invest RMB 3 billion in hog production
  

China is planning to allocate RMB 2.8 billion (US$410 million) from its central budget to support live hog production.
 

The funds will be used to build breeding farms and standard large-scale pig farms to promote pork production and to ensure market supply, according to the National Development and Reform Commission (NDRC) on Friday (July 11, 2008).

 

At present, China has established 55 breeding farms, 375 propagation pig farms and 20,000 standard large-scale hog breeding farms.

 

The government also planned to allocate more funds to the snowstorm and earthquake-hit regions where breeding facilities have been severely damaged, the NDRC said.

 

The regions include Hunan, Hubei, Sichuan, Shaanxi, Jiangxi, Guizhou, Guangxi, Gansu and Anhui.

 

The snowstorm in the first quarter of 2008 killed a total of 69.56 million livestock and poultry, while the Sichuan earthquake killed more than 3 million pigs.

 

The NDRC has channelled about RMB 5.6 billion (US$820 million) to livestock farm construction this year, with about RMB 70 million (US$10.2 million) to be used in the building of poultry farms.

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