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    15 July 2015

    Home>News>National News

    China's Policy Bank Issues Loans for Spring Plowing

    2021-03-26 Download Print Comment
    BEIJING, March 25 (Xinhua) -- The Agricultural Development Bank of China (ADBC), a rural policy bank, has issued loans worth 36.6 billion yuan (about 5.6 billion U.S. dollars) for the upcoming spring plowing.

    The ADBC will grant a further 12 billion yuan in loans for plowing and preparations, to help ensure grain security and the supply of farm produce, said Qian Wenhui, ADBC chairman, at a press conference Thursday.

    Looking ahead, Qian said the policy bank will focus on the country's targets for cultivating high-standard farmland with stronger loan support.

    From 2015 to 2020, the loans issued by the ADBC for grain production totaled 282.4 billion yuan. 

    Source: Xinhua
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