Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap China Development Bank doubles loan support for farmland work !

China Development Bank doubles loan support for farmland work

Time:2024-05-21 19:44:03 source:Planet Perspectives news portal
(Xinhua) 14:37, April 04, 2024

BEIJING, April 4 (Xinhua) -- The China Development Bank (CDB), a major policy bank in the country, has enhanced financial support for farmland development and protection, as well as land productivity improvement across the country this year.

The bank issued 2.59 billion yuan (about 365 million U.S. dollars) worth of special loans for farmland development in the first quarter of this year, more than doubling the amount issued in the same period a year earlier.

To help ensure grain security and stable supplies of agricultural products, the bank has provided medium- and long-term financial support for high-standard farmland development and upgrade in China's 13 major grain-producing regions in recent years.

In the next stage, it will strengthen inclusive financial support in key areas such as infrastructure in rural areas and sci-tech innovation in the agricultural sector, the bank said. 

Related information
  • Why US Catholics are planning pilgrimages in communities across the nation
  • Mining giant Anglo
  • Enzo Fernandez has undergone surgery and will miss the rest of Chelsea's season
  • Experts share new achievements in Turfan studies
  • Children are evacuated from school 'during an exam' after threat made via email
  • A Russian journalist has been detained for posts criticizing the military, his lawyer says
  • 5 cars from the Beijing auto show that reflect China's vision for the future of driving
  • Closing prices for crude oil, gold and other commodities
Recommended content
  • Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
  • Meta Platforms, O'Reilly Automotive fall; Chipotle, TransUnion rise, Thursday, 4/25/2024
  • Corals bred in a zoo have joined Europe's largest reef. This is offering scientists hope
  • Colts snap record streak of 14 straight offensive players taken in NFL draft with UCLA DE Latu
  • 'The Apprentice,' about a young Donald Trump, premieres in Cannes
  • Americans react to Walmart axing self