China issues funds to safeguard agriculture from disasters

BEIJING (Reuters) – China’s recently disbursed 1.4 billion yuan ($194.42 million) of central government funds earmarked for agricultural production disaster prevention and relief, according to a statement from the Agriculture Ministry on Friday.

The funds from the Agriculture Ministry and Finance Ministry will support 30 provinces including Heilongjiang, Jiangsu, Anhui and Henan, according to the statement.

The central government will focus on providing appropriate subsidies for pesticides, equipment and unified services for disaster prevention and control.

($1 = 7.2008 Chinese yuan renminbi)

(Reporting by Liz Lee and Shanghai newsroom; Editing by Christian Schmollinger)

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