China injects US $ 49 million to support poultry sector

China injects US $ 49 million to support poultry sector

In a move to help the poultry sector after the effects from the H7N9 virus, the Chinese government has injected another US$ 48.54 million into the industry, the Ministry of Finance stated. Ideally the additional funding will be used to cut interest rates for short-term loans to poultry enterprises, the ministry said. China has already injected a total of RMB 900 million (US$ 146.65 million) into the industry, which has recorded more than RMB 40 billion (US$ 6.52 Billion) in losses since the H7N9 outbreak in March.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

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