China raises grain purchasing prices in order to boost production
Posted on Oct-20-2008· by china investor
China’s top economic planning agency on Monday said it would raise the minimum purchasing price for wheat by as much as 15.3 percent starting next year.
The move by the National Development and Reform Commission (NDRC) aims to boost rural income and grain output.
This is a good news for the China’s peasants,which will give the peasants more confidence for the grain planting.
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