Home / Government / Central Government News Tools: Save | Print | E-mail | Most Read | Comment
Emergency money allocated to farmers after tainted milk scandal
Adjust font size:

The Chinese government set aside 300 million yuan (43.9 million U.S. dollars) to help farmers who lost money during the country's contaminated milk powder scandal, the Ministry of Finance (MOF) said on Thursday.

According to the MOF, subsidies will mainly go to dairy farmers who suffered financial losses after disposing of raw milk in five major dairy-production provinces of Hebei, Liaoning, Shanxi, Shandong and Henan as well as Inner Mongolia Autonomous Region.

There has been no official figure on just how much money dairy farmers in the country had lost. However, an estimate released by the industry research institute of Shenyin & Wanguo Securities, said right after the scandal was exposed, Chinese farmers lost about 30 million yuan a day because no one was buying their raw milk.

The MOF also said it would act in cooperation with the Ministry of Agriculture to distribute the 300 million yuan which will come from the central treasury.

The government enacted the subsidies to help reduce farmer's losses and to maintain development of China's dairy industry, the MOF said.

Both ministries issued notices urging local governments to use the emergency funds in a transparent way.

(Xinhua News Agency October 9, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- 14 more arrested in Hebei milk scandal
- China finds new liquid milk products not contaminated
- 6 more detained amid tainted milk scandal
Most Viewed >>
- Milestones of reform: 30 years of 3rd Plenums
- White paper published on China's rule of law
- Reinstatement - the accountability system's soft underbelly
- CPC leadership convenes to discuss further rural reform
- Local authorities guilty of failing to disclose gov't info
Questions and Answers More
Q: What kind of law is there in place to protect pandas?
A: In order to put the protection of giant pandas and other wildlife under the law, the Chinese government put the protection of rare animals and plants into the Constitution.
Useful Info
- Who's Who in China's Leadership
- State Structure
- China's Political System
- China's Legislative System
- China's Judicial System
- Mapping out 11th Five-Year Guidelines
Links
- Chinese Embassies
- International Department, Central Committee of CPC
- State Organs Work Committee of CPC
- United Front Work Department, Central Committee of CPC