Investment aims to boost China’s pork production

Investment aims to boost China’s pork production

Gary Tamin | freeimages.com

China’s large pig farms will invest in smaller farms to produce hogs, pull rural farmers out of poverty

Bolstered by a state-initiated investment of CNY50 billion (US$7.15 billion) 15 of China’s leading pig farms signed 19 agreements with local governments in 16 cities. The agreements are expected to produce more than 22 million hogs per year and involve more than 33,000 poor rural farmers.