BEIJING, July 26 (Xinhua) — China added 76,000 pig farming enterprises in the first half of 2020, a rise of 109 percent from the same period last year on government stimulus to boost production, Securities Times reported.
As of July 20, China had around 760,000 pig farming businesses in operation, the paper said, citing information from Tianyancha.com, an online query platform for company information.
Since last year, China has implemented a slew of policies to encourage hog production and stabilize pork prices affected by African swine fever and other factors.
To soften the impact of COVID-19, China has ramped up financial support including subsidies and loans to major pig-producing counties to restore production. Pork and hog prices have gradually retreated despite fluctuations.
The price of live pigs in China rose 1.1 percent in the middle of July compared with early July, data by the National Bureau of Statistics showed. Enditem