27-03-2014 01:38 AM | China

Agricultural investment to continue

China will continue to invest hea­vily in the agriculture sector to ensure food security, with 70 billion yuan ($11.27 billion) being allocated to water resource infrastructure, a spokesman for the National Development and Reform Commission (NDRC) said Wednesday.

The total volume and proportion of investment for agriculture in 2014 will be greater than in 2013, said NDRC spokesman Li Pumin at a press conference in Beijing Wednesday.

This means that over half of the 457.6 billion yuan from the central budget will go into agriculture, Li noted.
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