LINE

Text:AAAPrint
Economy

China's policy bank lends billions more to agriculture

2022-10-02 08:43:29Xinhua Editor : Feng Shuang ECNS App Download

The Agricultural Development Bank of China, the country's rural policy bank, has issued 2.14 trillion yuan (about 301.5 billion U.S. dollars) of loans in the first three quarters of this year, up 373.9 billion yuan over the same period last year.

The loans were issued to support agricultural production, ensure the well-being of the farmers, and improve the rural areas to help underpin the country's economic fundamentals, said the bank.

To ensure grain security, the bank has issued loans worth 372 billion yuan to help purchase summer and autumn grain over the past year, up 96 billion yuan year on year.

The bank has also lent 25.6 billion yuan to nurture the seed industry and 234.4 billion yuan to upgrade farmlands so far this year.

Outstanding loans rose by 989.1 billion yuan by the end of September from the beginning of this year, said the bank. 

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

LINE
Back to top About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2022 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.
[网上传播视听节目许可证(0106168)] [京ICP证040655号]
[京公网安备 11010202009201号] [京ICP备05004340号-1]