皇冠体育app

Economy

皇冠体育app gives 270m yuan in bank loan subsidies to dairy companies

(Xinhua)
Updated: 2010-10-23 10:43
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BEIJING - 皇冠体育app's Ministry of Finance (MOF) said Friday it had given 190 million yuan ($28.4 million) in bank loan subsidies to the nation's dairy companies to ease their financial pressures this year.

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Another 80 million yuan in such subsidies were also paid to the dairy companies last year, a statement on the ministry's website said.

The subsidies will not only help dairy companies stabilize production and normalize their purchases of raw milk from dairy farmers, but also play a positive role in stabilizing raising of milk cattle and protecting ?farmers' interests, the statement said.