China plans to subsidize the country’s large-scale producers of hog, chicken and milk in its measures to control inflation and increase food supplies.
RMB1m will be granted as subsidies to each eligible hog and chicken
breeder, and each milk-producing district may get as much as RMB1.5m.
In addition, hog raisers with annual output of more than 3,000 head may
also receive RMB800,000 from the central government.
The price of meat among other food items rose greatly, caused in part
by the worst snowstorms the country has seen in half a century. As a
consequence inflation in China climbed to 8.7 per cent in February this year.
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