China invests over six trillion Yuan into agriculture

Date:11-05-2012

To promote the development of its agricultural sector, China invested more than six trillion Yuan ($930 billion) during the decade from 2003 to 2012, the highest in the country's history, according to the Ministry of Finance.

Over that time, expenditure on the sector from the central budget jumped from Yuan 214 billion in 2003 to Yuan 1.2 trillion, with an annual increase of more than 21 per cent, according to the ministry.

The financial support facilitated the implementation of policies and measures that contributed to a system to improve farmers' livelihoods and incomes as well as the country's agricultural output, the ministry said.