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Agricultural investment mounts to $285 million

Updated: 2011-06-05 09:47


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BEIJING - China invested 1.84 billion yuan ($284.54 million) over the first five months of this year to support agricultural projects, said a statement from the Ministry of Finance (MOF).

The investments were used to pay for the interest on 75.76 billion yuan in loans for agricultural projects, said a statement issued by the state agricultural comprehensive development office of the MOF.

Projects enjoying the discounted loans primarily deal with grain, cotton and vegetable oil processing.

The office actively supports agricultural industrialization and boosting the incomes of rural farmers, the statement said.


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