Wednesday, April 22, 2009

China to help farmers

http://www.etaiwannews.com/etn/news_content.php?id=927531&lang=eng_news

China plans to invest over $9.5 Billion into farms around China. This is largely due to the worldwide economic downturn that has significantly hurt Chinese farmers who are having to deal with returning family members after factories in the larger cities have had to close due to low demand for goods.

China hopes that with the injection of money into the rebuilding of infrastructure and by educating farmers it will slow the widening income gap between the rich in the cities and the poor in the countryside

2 Comments:

Blogger Ms. Lee said...

This is good policy. its good to finally see china is reaching out to its most prevelent labor source.

2:16 AM  
Blogger Mehul said...

I agree. There's a lot of potential still left in the agricultural sector. India's economy is over is heavily dependent on the contributions from the agricultural community.

11:59 AM  

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