News last update:6 Aug 2012

China discloses annual agriculture budget

The central government of China will spend 391.7 billion yuan on agriculture, rural areas and farmers this year, Premier Wen Jiabao said in a government work report.

The Chinese government vows to develop modern agriculture and promote the building of a new countryside. "We will effectively shift the focus of state infrastructure development and development of social programs to the countryside," Wen told almost 3,000 lawmakers at the opening meeting of the Fifth Session of the Tenth National People's Congress (NPC), the top legislature.

The allocations from the central government budget will total 391.7 billion yuan (€38.56 billion) this year, an increase of 52 billion yuan (€5.11b) over last year and 94.2 billion yuan (€9.27) over the year of 2005.

Grain shortage

Agriculture, as the base of the country's economy, remains weak, and it is now more difficult than ever to steadily increase grain production and keep rural incomes growing, Wen said. A recent study by a government affiliated newspaper revealed that China could face a 4.8 million tonnes grain shortage in 2010, which is almost 9% of the country's grain use.

Wen said this year's work related to agriculture, rural areas and farmers will focus on accelerating the development of modern agriculture and effectively promoting the building of a new socialist countryside.

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