Page 14 - REPORT ON THE EXECUTION OF THE CENTRAL AND LOCAL BUDGETS FOR 2021 AND ON THE DRAFT CENTRAL AND LOCAL BUDGETS FOR 2022

poverty.

Ensuring national food security
We rolled out a new round of subsidies for the purchase of agricultural

machinery, and provided 20 billion yuan in one-time subsidies for grain producers
in response to the rising prices of agricultural supplies. We significantly increased
reward funds for major seed production counties, supported a nationwide survey

of germplasm resources for crops, and improved the full-chain development of the
seed industry. Full-cost insurance and income insurance for the three main grain
crops of rice, wheat, and corn were carried out in 60% of the main grain-producing

counties in 13 major grain-producing provinces. Our policy-based agricultural
insurance protected rural households from risk through 188 million insurance

policies. We supported the construction of 50 national modern agriculture
industrial parks, 50 clusters of leading agro-industries with unique advantages,
and 298 towns with particular agro-industrial strengths.

Supporting the implementation of major regional development strategies

We introduced fiscal and tax policies to comprehensively support the
development of the Yangtze Economic Belt. We supported Zhejiang in becoming a
leader in the exploration of new ways to promote common prosperity through

public finance at the provincial level. Fiscal policies were formulated to support
Xinjiang, Tibet, and prefectures and counties with large Tibetan populations in
Qinghai, Sichuan, Gansu, and Yunnan provinces during the 14th Five-Year Plan

period. By introducing the policy of exempting enterprises from tariffs on
production equipment purchased for self-use, we advanced the development of
the Hainan Free Trade Port.

 We strengthened ecological and environmental protection, and made
new progress in effecting a green transformation across the board.

We further reformed the system of compensation for ecological conservation in
an effort to establish sound institutions and mechanisms featuring firm

government guidance, orderly public participation, and effective regulation by the
market. We scaled up funding for the prevention and control of air, water, and soil
pollution, and granted subsidies to another 20 cities in northern China to

encourage their use of clean energy sources for winter heating. This has resulted in
an average drop of 9.1% in the concentration of fine particulate matter in China’s

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