At the national cotton work conference held on the 29th, a speech was made by Li Jinghui, Director-General of the Ministry of Finance. He pointed out that in 2010, the financial department increased the support for cotton work mainly from the following aspects. The first is to implement full coverage of cotton seed subsidies and comprehensively improve the quality of cotton; the second is to improve the purchase subsidies for agricultural machinery and support the modernization of cotton production; the third is to support the creation of high-yield production of grain and cotton to increase the yield of cotton; and the fourth is to increase the support for cotton insurance subsidies. Reduce the risk of cotton planting; Fifthly, support the inspection of cotton quality inspection and promote the reform of the inspection system; Sixth, stabilize the cotton and cotton yarn freight subsidy policy and promote the development of Xinjiang cotton and textile industry. In 2010, the central government will continue to implement the cotton and cotton yarn transportation costs. In the subsidy policy, a total of 1,113.48 million yuan was paid for the transfer fee for cotton deposits in Xinjiang and 144.61 million yuan was used for transport of cotton yarns in Xinjiang. Seventh, the government strengthened reserve control and stabilized the domestic cotton market.
Director Li said that in the new cotton year, financial departments at all levels must attach great importance to closely follow market changes, continue to strengthen and improve control, make full use of existing policies, and take effective measures in time to promote the healthy development of the cotton industry. On the one hand, we will continue to vigorously support cotton production, support and stabilize cotton production, increase China's cotton production capacity and competitiveness, and second, strengthen and improve the control of the cotton market, continue to make good use of the two major regulatory policies of reserves and imports, and maintain domestic cotton supply and demand. The basic balance and domestic cotton prices are relatively stable; the third is to use the freight subsidy policy to promote Xinjiang cotton shipments. During the “Twelfth Five-Year Plan†period, the central government will continue to implement the Xinjiang cotton and cotton yarn freight subsidy policy. At the same time, the cotton will be included in the subsidy range, and the subsidy standard will be raised from 400 yuan per ton to 500 yuan.
Director Li said that in the new cotton year, financial departments at all levels must attach great importance to closely follow market changes, continue to strengthen and improve control, make full use of existing policies, and take effective measures in time to promote the healthy development of the cotton industry. On the one hand, we will continue to vigorously support cotton production, support and stabilize cotton production, increase China's cotton production capacity and competitiveness, and second, strengthen and improve the control of the cotton market, continue to make good use of the two major regulatory policies of reserves and imports, and maintain domestic cotton supply and demand. The basic balance and domestic cotton prices are relatively stable; the third is to use the freight subsidy policy to promote Xinjiang cotton shipments. During the “Twelfth Five-Year Plan†period, the central government will continue to implement the Xinjiang cotton and cotton yarn freight subsidy policy. At the same time, the cotton will be included in the subsidy range, and the subsidy standard will be raised from 400 yuan per ton to 500 yuan.
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