Markets and trade
 

Detail

Area
China (Mainland)
Commodity Group
Grains
Commodity
All
Date
25/11/2019
Policy Category
Production
Policy Instrument
Production support
Description
Announced CNY 61.6 billion (USD 8.9 billion) in subsidies for high-standard farmland and water conservation projects in 2020. By 2022, high-standard farmland area is expected to reach 1 billion mu (about 66.7 million hectares) for total grain output representing 80 percent of national requirements.