| China to subsidize corn-processing enterprises |
|
| Tuesday,September 15,2009 Posted: 18:10 BJT(10 GMT) |
| From:za2 Article type:Original |
The subsidies, to come from the central budget, will first be channelled from central government to local governments who will allocate funding to individual enterprises.
The MOF said the move aimed to increase the rate of operation of China's corn-processing enterprises, and to clear a space at corn reserves.
Enterprises are expected to receive 150 yuan ($21.96) for every ton of corn they process.
The subsidies, to come from the central budget, will first be channelled from central government to local governments who will allocate funding to individual enterprises.
The MOF said the move aimed to increase the rate of operation of China's corn-processing enterprises, and to clear a space at corn reserves.
Enterprises are expected to receive 150 yuan ($21.96) for every ton of corn they process.
|
Bilateral Visits