China to Allot RMB 10 bln Machinery Subsidies for Farmers
[2009-01-16 11:00:43]
China will set aside RMB 10 billion (US$1.46 billion) in subsidies for agricultural machinery purchases in 2009, in a move to raise the country's agricultural mechanization level and boost the development of the farm machinery industry, according to a statement released by the State Council.
Next year, farmers and farm workers across the country are able to access the machinery subsidies, which are RMB 6 billion more than that of this year, said the State Council at an executive meeting presided over by Premier Wen Jiabao.
Besides providing subsidized household appliances for farmers, the move is also another crucial measure to boost domestic demand, according to the statement.
In addition, the cabinet also urged local governments to provide more employment channels for migrant workers, offer strong support to labor-intensive enterprises and plough into more funds for migrant workers' skill training.
Source:Alibaba
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