China allocates budget to boost pork production
In news that is certain to be of interest to the Canadian hog and pork industries, China is redirecting more of its national budget to increasing the size of its hog production sector. Some of the money will go to help farmers affected by heavy snows and earthquakes earlier this year.
July 14, 2008
China plans to allocate 2.8 billion yuan (about $420 million) from its central budget to support live pig production, according to Xinhua News.
The funds will be used to build breeding farms and standard large scale hog farms to promote pork production and further ensure market supply, the National Development and Reform Commission (NDRC) said on Friday.
The NDRC has channeled a cumulative 5.6 billion yuan (about $840 million) from its central budget to livestock farm construction this year.
The NDRC also said the government planned to allocate more funds to the snow and earthquake-hit regions where breeding facilities suffered severe damage, including Hunan, Jiangxi, Guizhou, Hubei, Guangxi, Anhui, Sichuan, Shaanxi and Gansu provinces.
About 70 million livestock and poultries were estimated to have been killed as a result of heavy snows in the first quarter, while more than 3 million pigs were killed in the 8.0-magnitude Wenchuan earthquake, according to Xinhua.