China Economic Review
Charting China’s changing economic terrain · Since 1990
Chinese farmers' net income increases
July 28, 2009
According to the National Bureau of Statistics (NBS) the net income per capita of China’s rural residents in the first half of this year increased 8.1% year on year.A report surveying 68,000 rural households in the country’s 31 provinces shows farmers’ net income per capita in the first quarter reached RMB2,733 ($400.12) a year.
According to a survey released by the Chinese Academy of Social Sciences, the country’s government think tank, in 2008, farmers’ net income per capita showed a growth of 8% over the previous year.
Agriculture Minister Sun Zhengcai in a national agriculture meeting, said, China’s agriculture industry has kept a sound momentum in the first half of this year despite adverse influence brought by the global downturn and drought. In part this was dued to the government’s favorable policies to farmers.
China View said RMB123 billion has already been allocated in subsidizing farmers’ purchase of seed, diesel, fertilizers and other production materials this year. This is 19.4% greater than the previous year.