Common sense of how to manang money,comments of finance news.

Good policy can support agricultural sector into a new bright spot

Premier Wen Jiabao chaired a State Council executive meeting yesterday to study the deployment of further policy measures to support agricultural production.

The meeting decided that further policy measures to support agricultural production. First, a weak seedling winter wheat fertilization, mulching planting arid southwest and northeast of rice seedling greenhouse benefits. Second is to increase the high yield benefits. Third, continue to implement the policy of rapeseed interim purchasing and storage, purchasing and storage price from 1.85 yuan per catty raised to 1.95 yuan. Fourth, to increase farm machinery purchase subsidy funds. Fifth, the implementation of Xinjiang, Inner Mongolia, livestock forage snow disaster assistance. 6 is a plan to implement purchasing and storage of frozen pork, pork purchasing and storage to speed up the progress. Seventh, strengthen and improve the central water conservancy projects, accelerate the establishment of stable growth at all levels of government investment and protection mechanisms, to strengthen water conservancy construction. Speed up the renovation and medium-sized irrigation and pumping stations, controlling key water projects and various water-saving irrigation project. Increase efforts to support rural finance.

Le vote in private that some of this increased price of agricultural subsidies and purchasing and storage, on the one hand will increase the enthusiasm of farmers to increase income of peasants, on the other hand may also indicate the second quarter, prices of agricultural products there is inflation expectations, may lead the relevant agricultural section strength.

Taking into account the market yesterday, the majority of non-rational sell into corrections component, and a significant rebound in U.S. stocks overnight, should be able to mitigate the negative market sentiment. The domestic news of no new issuance is expected after yesterday’s full sell into corrections, short by a greater degree of emotional catharsis, finishing today’s market will be the main shock. Gold plate or in the short term the market benchmark.