www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Economy

Markets

Industries

Insights

Reports

Events

China extends interest subsidy on loans for dairy producers

(Xinhua)
Updated: 2009-07-28 15:20

China's dairy producers will see an extension of the period for subsidies on loan interest payments until the end of this year, said the Ministry of Finance in a statement on Monday.

The interest subsidies were originally extended from October to December 2008, and then prolonged to the end of March this year. The statement said the period would be prolonged again retroactively from March to the end of this year.

Related readings:  China's dairy farmers getting over tainted milk scandal  Yili to build northern China’s largest dairy base in Binhai  Mengniu to sell 20% to two China groups  Dairy firms make new moos

The subsidy to cover 3.105 percent of interest would remain unchanged, said the statement.

Loans used by dairy companies for buying milk from farms would be covered by the scheme.

The ministry did not give the cost of the interest subsidy, launched to support dairy producers after last year's melamine contamination

scandal, which devastated the country's dairy industry.

Milk powder produced by Sanlu Group was found to have been adulterated with the industrial chemical melamine last September. It caused the deaths of at least six children and sickened more than 300,000 others.