The Ministry of Agriculture and Rural Affairs, the Ministry of Finance, and the People’s Bank of China convened a video conference to advance the implementation of policies supporting spring farming in the four northeastern provinces and autonomous regions.

Release Date:

2020-04-14

On April 13, the Ministry of Agriculture and Rural Affairs, the Ministry of Finance, and the People’s Bank of China convened a video conference in Beijing to promote the full implementation, across the four northeastern provinces and autonomous regions, of the central government’s fiscal and financial policies supporting spring agricultural production, with the aim of ensuring stable grain output and steady supplies of live pigs. Vice Minister of Agriculture and Rural Affairs Liu Huanxin, Vice Minister of Finance Cheng Lihua, and Deputy Governor of the People’s Bank of China Pan Gongsheng attended the meeting and delivered remarks.
　　The meeting emphasized that we are currently in a critical period for spring farming. The four provinces and autonomous regions of Northeast China are major grain-producing areas in the country; therefore, it is imperative to treat spring farming as an urgent and concrete task, ensuring that the area sown with grain neither decreases nor remains stagnant, thus laying a solid foundation for a bumper harvest. Furthermore, efforts to restore hog production must continue without letup, with all measures implemented on schedule to fulfill the established goals of stabilizing hog output and ensuring supply, while striving to achieve even higher targets.
　　The meeting called on the agricultural and rural affairs departments, finance departments, branches of the People’s Bank of China, and relevant financial institutions in the four provinces and one autonomous region of Northeast China to strengthen collaboration and close coordination, establish dedicated task forces, and jointly ensure the effective implementation of the central government’s policies, including production subsidies, re-lending, and interest subsidies. It is essential to coordinate the allocation of funds under these policies, act promptly, efficiently, and meticulously, and swiftly disaggregate and refine measures down to the field and individual households. Furthermore, efforts should be made to standardize the qualification assessment of large-scale operators and promote information sharing, establishing a seamless mechanism for credit enhancement and risk-sharing. The government–bank–guarantee model should be vigorously promoted, fully leveraging the role of agricultural credit guarantee companies to effectively address the financing needs of large-scale grain and hog producers.
　　Heads of the agricultural and rural affairs (agriculture and animal husbandry) departments of Inner Mongolia, Liaoning, Jilin, and Heilongjiang provinces and autonomous region, along with officials from the Agricultural Development Bank of China and the Agricultural Bank of China, delivered remarks during the exchange.

Source: News Office of the Ministry of Agriculture and Rural Affairs

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