Decades-old farm subsidy system to be phased out
<p><span word="Download">Download</span></p><p><span word="China">China</span> <span word="is">is</span> <span word="moving">moving</span> <span word="to">to</span> <span word="replace">replace</span> <span word="decades">decades</span>-<span word="old">old</span> <span word="agricultural">agricultural</span> <span word="subsidies">subsidies</span> <span word="with">with</span> <span word="a">a</span> <span word="more">more</span> <span word="flexible">flexible</span> <span word="pricing">pricing</span> <span word="mechanism">mechanism</span>, <span word="as">as</span> <span word="domestic">domestic</span> <span word="harvests">harvests</span> <span word="in">in</span> <span word="the">the</span> <span word="world">world</span>'<span word="s">s</span> <span word="largest">largest</span> <span word="grain">grain</span> <span word="importer">importer</span> <span word="are">are</span> <span word="expected">expected</span> <span word="to">to</span> <span word="see">see</span> <span word="their">their</span> 11<span word="th">th</span> <span word="consecutive">consecutive</span> <span word="year">year</span> <span word="of">of</span> <span word="growth">growth</span>.</p><p><span word="Experts">Experts</span> <span word="say">say</span> <span word="the">the</span> <span word="change">change</span> <span word="will">will</span> <span word="not">not</span> <span word="endanger">endanger</span> <span word="food">food</span> <span word="security">security</span> <span word="nor">nor</span> <span word="result">result</span> <span word="in">in</span> <span word="steep">steep</span> <span word="price">price</span> <span word="drops">drops</span> <span word="in">in</span> <span word="major">major</span> <span word="agricultural">agricultural</span> <span word="products">products</span>.</p><p><span word="Decisions">Decisions</span> <span word="to">to</span> <span word="scrap">scrap</span> <span word="the">the</span> <span word="minimum">minimum</span> <span word="purchasing">purchasing</span> <span word="price">price</span> <span word="for">for</span> <span word="rice">rice</span>, <span word="the">the</span> <span word="temporary">temporary</span> <span word="storage">storage</span> <span word="policy">policy</span> <span word="for">for</span> <span word="soy">soy</span> <span word="and">and</span> <span word="cotton">cotton</span> <span word="and">and</span> <span word="other">other</span> <span word="agricultural">agricultural</span> <span word="subsidy">subsidy</span> <span word="policies">policies</span> <span word="were">were</span> <span word="made">made</span> <span word="on">on</span> <span word="Wednesday">Wednesday</span> <span word="at">at</span> <span word="a">a</span> <span word="State">State</span> <span word="Council">Council</span> <span word="executive">executive</span> <span word="meeting">meeting</span> <span word="led">led</span> <span word="by">by</span> <span word="Premier">Premier</span> <span word="Li">Li</span> <span word="Keqiang">Keqiang</span>.</p><p><span word="Under">Under</span> <span word="the">the</span> <span word="new">new</span> <span word="policy">policy</span>, <span word="the">the</span> <span word="government">government</span> <span word="will">will</span> <span word="set">set</span> <span word="up">up</span> <span word="a">a</span> <span word="target">target</span> <span word="price">price</span> <span word="for">for</span> <span word="each">each</span> <span word="kind">kind</span> <span word="of">of</span> <span word="major">major</span> <span word="agricultural">agricultural</span> <span word="product">product</span>. <span word="Farmers">Farmers</span> <span word="will">will</span> <span word="receive">receive</span> <span word="subsidies">subsidies</span> <span word="from">from</span> <span word="the">the</span> <span word="government">government</span> <span word="when">when</span> <span word="the">the</span> <span word="market">market</span> <span word="price">price</span> <span word="is">is</span> <span word="below">below</span> <span word="the">the</span> <span word="target">target</span>, <span word="while">while</span> <span word="low">low</span>-<span word="income">income</span> <span word="groups">groups</span> <span word="will">will</span> <span word="receive">receive</span> <span word="subsidies">subsidies</span> <span word="when">when</span> <span word="the">the</span> <span word="market">market</span> <span word="price">price</span> <span word="sours">sours</span>.</p><p><span word="The">The</span> <span word="reform">reform</span>, <span word="which">which</span> <span word="aims">aims</span> <span word="to">to</span> <span word="restore">restore</span> <span word="a">a</span> <span word="market">market</span>-<span word="oriented">oriented</span> <span word="pricing">pricing</span> <span word="mechanism">mechanism</span>, <span word="as">as</span> <span word="domestic">domestic</span> <span word="grain">grain</span> <span word="prices">prices</span> <span word="are">are</span> <span word="usually">usually</span> <span word="above">above</span> <span word="the">the</span> <span word="global">global</span> <span word="price">price</span>, <span word="will">will</span> <span word="be">be</span> <span word="conducted">conducted</span> <span word="first">first</span> <span word="from">from</span> <span word="selected">selected</span> <span word="areas">areas</span> <span word="and">and</span> <span word="particular">particular</span> <span word="types">types</span> <span word="of">of</span> <span word="agricultural">agricultural</span> <span word="products">products</span>.</p><p><span word="According">According</span> <span word="to">to</span> <span word="a">a</span> <span word="statement">statement</span> <span word="released">released</span> <span word="after">after</span> <span word="the">the</span> <span word="meeting">meeting</span>, <span word="soy">soy</span> <span word="and">and</span> <span word="cotton">cotton</span> <span word="will">will</span> <span word="be">be</span> <span word="first">first</span> <span word="in">in</span> <span word="line">line</span> <span word="to">to</span> <span word="test">test</span> <span word="the">the</span> <span word="concept">concept</span> <span word="before">before</span> <span word="the">the</span> <span word="policy">policy</span> <span word="is">is</span> <span word="applied">applied</span> <span word="to">to</span> <span word="other">other</span> <span word="major">major</span> <span word="agricultural">agricultural</span> <span word="products">products</span>, <span word="such">such</span> <span word="as">as</span> <span word="wheat">wheat</span>, <span word="rice">rice</span> <span word="and">and</span> <span word="corn">corn</span>.</p><p><span word="China">China</span> <span word="gradually">gradually</span> <span word="has">has</span> <span word="set">set</span> <span word="up">up</span> <span word="various">various</span> <span word="subsidy">subsidy</span> <span word="policies">policies</span> <span word="since">since</span> 2004 <span word="to">to</span> <span word="shore">shore</span> <span word="up">up</span> <span word="grain">grain</span> <span word="prices">prices</span> <span word="and">and</span> <span word="protect">protect</span> <span word="the">the</span> <span word="motivation">motivation</span> <span word="for">for</span> <span word="farming">farming</span>.</p>
页:
[1]