07-03-2014 01:49 AM | China

China to spend 10 pct more on farm subsidies in 2014

China will increase its 2014 budget for farming subsidies by 10 percent from last year's 1.6 trillion yuan ($261.09 billion), a top government official said on Thursday, even as critics argue that subsidies play a limited role in boosting food production.

Maintaining food security is one of China's top priorities for this year, as rapid urbanisation and pollution threaten to swallow up arable farmland.
Full Story : Reuters