Chinese subsidies for grains farmers

Accord­ing to the offi­cial media, Chi­na’s cere­al out­put dropped for the fifth con­sec­u­tive year to 431 mil­lion tons last year. bq. Chi­nese Pre­mier Wen Jiabao last month announced the deci­sion to rescind agri­cul­tur­al tax in five years, which means farm­ers’ bur­den would be reduced by as much as 11.8 bil­lion yuan in each of the five years. bq. From 1997 to 2003, the per capi­ta income of farm­ers rose 4 per­cent annu­al­ly on aver­age, in sharp con­trast to an 8 per­cent jump in the dis­pos­able income of urban dwellers. Farm­ers have com­plained that grow­ing grain crops is less lucra­tive than grow­ing fruit or rais­ing fish or poul­try, which experts fear as a poten­tial threat to the coun­try’s food secu­ri­ty. (“xinhuanet”:–04/21/content_1430935.htm)

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