6 trillion yuan invested in agriculture

17 january 2013

To promote the development of its agricultural sector, China invested more than 6 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 214 billion yuan in 2003 to 1.2 trillion yuan, with an annual increase of more than 21 percent, 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.