ANNOUNCEMENT 21 Aug 2017

August 21st, 2017 - China's National Agricultural Development Bureau announced the approval of a plan to inject USD 75m into the domestic forestry industry, with a particular focus on oil-bearing trees.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

PRC National Agricultural Development Bureau, August 21st, 2017. (中央财政大力支持木本油料、林业储备林发展)
http://nfb.mof.gov.cn/zhengwuxinxi/gongzuodongtai/201708/t20170821_2677260.html

Inception date: 21 Aug 2017 | Removal date: open ended

Financial grant

In August 2017, an announcement made by the Chinese National Agricultural Development Bureau through the Ministry of Commerce revealed to boost the forestry industry in China with a USD 75m (CNY 500m) 'development fund' aimed at forestry, with a particular focus on oil-bearing trees.

AFFECTED SECTORS