Chinese gov't to tether pork prices

时间：2007-06-25 06:16:01

（单词翻译:单击）

BEIJING, June 26 -- With the dramatic rise in pork price, the Chinese government has said that it plans to spend 6.5 billion yuan (850 million U.S. dollars) this year to contain pork prices.

 

The massive government allocation, including 3.8 billion yuan from the central government, will be mainly used for a soon-to-be-established insurance scheme that will cover female pigs against illness and natural disasters, said sources with the Ministry1 of Finance.

 

Pig breeders will get an annual subsidy2 of 50 yuan for every female pig insured.

 

The central government will also spend 470 million yuan this year to relieve the impact of rising food prices on the lives of low-income people.

 

Another 280 million yuan will be allocated3 to subsidize college students from low-income families.

 

A spike4 in the price of pig feed and cases of blue-ear disease among the nation's swine has seen pork prices surge dramatically this year.

 

According to official figures, 19,000 pigs were killed after outbreaks of the disease in 194 Chinese counties up until the end of May.

 

Some farmers are now reluctant to raise pigs for fear they might be stricken by the disease.

 

The central government has responded by making available 285 million yuan for a mass immunization program, which local governments will also subsidize.

 

Figures from the Ministry of Agriculture show live pigs were 71 percent more expensive in April than in March, and pork was 29.3 percent higher, largely due to tighter supply.

 

In Beijing, pork prices have gone up more than 30 percent, while wholesale5 prices in Shanghai hit 16 yuan (2.1 U.S. dollars) per kilogram, a 10-year high, up 20 percent month-on-month.

 

Food prices have climbed this year, pushing China's inflation rate to 3.4 percent in May compared with a year earlier.

 

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1 ministry kD5x2     
n.(政府的)部；牧师
参考例句：
  • They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
  • We probed the Air Ministry statements.我们调查了空军部的记录。
2 subsidy 2U5zo     
n.补助金，津贴
参考例句：
  • The university will receive a subsidy for research in artificial intelligence.那个大学将得到一笔人工智能研究的补助费。
  • The living subsidy for senior expert's family is included in the remuneration.报酬已包含高级专家家人的生活补贴。
3 allocated 01868918c8cec5bc8773e98ae11a0f54     
adj. 分配的 动词allocate的过去式和过去分词
参考例句：
  • The Ford Foundation allocated millions of dollars for cancer research. 福特基金会拨款数百万美元用于癌症研究。
  • More funds will now be allocated to charitable organizations. 现在会拨更多的资金给慈善组织。
4 spike lTNzO     
n.长钉，钉鞋；v.以大钉钉牢，使...失效
参考例句：
  • The spike pierced the receipts and held them in order.那个钉子穿过那些收据并使之按顺序排列。
  • They'll do anything to spike the guns of the opposition.他们会使出各种手段来挫败对手。
5 wholesale Ig9wL     
n.批发；adv.以批发方式；vt.批发，成批出售
参考例句：
  • The retail dealer buys at wholesale and sells at retail.零售商批发购进货物，以零售价卖出。
  • Such shoes usually wholesale for much less.这种鞋批发出售通常要便宜得多。

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