China to invest in live pig industry

According to Xinhua News, Beijing plans to invest 850 million yuan (119.82 million U.S. dollars) in the live pig industry over the next three years, the city's bureau of finance said Thursday.

The city also plans to invest 150 million yuan in dung disposal every year and provide guaranteed loans to pig farms.

Chinese authorities Thursday released 10,000 tonnes of pork from their central reserves to increase pork supply in the market and ensure meat supply for the upcoming National Day holiday.