Increase Financial Support&Nbsp; Promote The Healthy Development Of Cotton Industry

Held on the 29th whole country At the teleconference on cotton work, Li Jinghui, Director of the Department of Economic Construction of the Ministry of Finance, made a speech at the meeting. He pointed out that in 2010, the financial department increased its support for cotton work mainly from the following aspects.

First, implement full coverage of subsidies for improved cotton varieties to comprehensively improve cotton quality; Second, improve the subsidy policy for agricultural machinery purchase to support the modernization of cotton production; The third is to support the establishment of high yield of grain and cotton and improve the per unit area yield of cotton; Fourth, increase cotton insurance subsidies to reduce cotton planting risks; Fifth, support cotton quality inspection and promote the reform of inspection system; Sixth, stabilize the subsidy policy for freight of cotton and cotton yarn to Xinjiang, promote the development of cotton and textile industry in Xinjiang. In 2010, the central finance continued to implement the subsidy policy for freight of cotton and cotton yarn to Xinjiang, and cumulatively allocated 1134.48 million yuan of subsidy for freight of cotton warehouse transfer and 144.61 million yuan of subsidy for freight of cotton yarn to Xinjiang; Seventh, strengthen reserve regulation and stabilize the domestic cotton market.

Director Li said that in the new cotton year, financial departments at all levels should be highly importance We will closely follow market changes, continue to strengthen and improve regulation, make full use of existing policies, and take effective measures in a timely manner to promote the healthy development of the cotton industry. On the one hand, continue to vigorously support cotton production, support and stabilize cotton production, and improve China's comprehensive cotton production capacity and competitiveness; Second, strengthen and improve the regulation of cotton market, continue to make good use of the two major regulatory policy means of reserve and import, maintain the basic balance of domestic cotton supply and demand and the relative stability of domestic cotton prices; Third, use the freight subsidy policy to promote the transportation and marketing of Xinjiang cotton. During the "Twelfth Five Year Plan" period, the central government will continue to implement the export of cotton Cotton yarn Freight subsidy policy, meanwhile, cotton cloth will be included in the subsidy scope, and the subsidy standard will be increased from 400 yuan to 500 yuan per ton.
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