China releases new measures to support hog farming, encourages firms to raise pigs abroad
China Global Television Network (CGTN)
China is encouraging domestic companies to raise pigs overseas amid a flurry of policy incentives aimed at beefing up hog production and securing supply as African Swine Fever (ASF) continues to spread in the country, albeit at a slower pace.
The new measure, announced on Monday, supports qualified domestic enterprises to go abroad and establish hog breeding bases in countries that meet a set of criteria.
Eligible destinations must have stable economic and trade ties with China, a good food safety management, be ASF-free and approved to export pig products to China, according to an online statement issued by the National Development and Reform Commission and the Ministry of Agriculture and Rural Affairs.
The document outlines 16 measures to support private hog-breeding enterprises and encourage investment in the country's pig farming industry. It offers financial subsidies and favorable policies for enterprises to expand, upgrade technology, improve safety standards and ensure environmental protection. The statement also promises the strengthening of ASF prevention and control mechanism and promotes the construction of a cold chain logistics infrastructure network.
Authorities in the country are looking to abandon backyard pig pens, scale up pig rearing and adopt standardized farming and automated facilities.
China has been drawing up measures to plug shortages and rebuild its hog herd as the ASF outbreak continues to grip the world's largest pork producer and consumer. The virus has decimated China's pig population, the biggest in the world, and pushed prices to record highs.
Last year, China raised 540 million pigs, an annual slump of 21.6 percent. Meanwhile, pork prices jumped 42.5 percent year-on-year, according to the country's top economic planner.
Authorities in response released frozen pork reserves, cranked up imports and offered subsidies to support hog production.
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