News & Insights

China Subsidy Exchange

August 28, 2017

China Strongly Supports Growing Oil-bearing Trees and Reserve Forests

The Ministry of Finance of China announced on August 21, 2017 that the central government is to arrange an agricultural comprehensive development fund of RMB 500 million in 2017 to support 167 oil-bearing tree projects and 63 reserve forest projects in 25 provinces. These projects are expected to bring 190,000 mu of oil-bearing trees and 209,000 mu of reserve forests after completion.