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:2024-05-28 23:23:36 source:Earthly Echoes 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
  • Stacey Solomon reveals she's 'giving up her showbiz career to become a stay
  • Tibetan political leader ‘optimistic’ about passage of US bill on Tibet — Radio Free Asia
  • Arkansas hires Kenny Payne as associate head coach under John Calipari
  • John Adams' Nativity oratorio 'El Nino' gets colorful staging at the Met
  • 3 players quit Argentina's national women's team after a dispute over pay and conditions
  • Ally Financial, CSX rise; Equifax, Synovus Financial fall, Thursday, 4/18/2024
  • Ryan Pepiot pitches 6 strong innings as Rays beat Angels 2
  • Channel 4 axe raunchy panel show as they make way for wild boundary
Recommended content
  • Judge Judy delivers scathing verdict about America's out
  • Brazil's president creates two new Indigenous territories, bringing total in his term to 10
  • The 49ers are slated to pick in the 1st round for the 1st time since 2021
  • Buccaneers eager to use the NFL draft to narrow the gap between themselves and other top teams
  • Iran further increases its stockpile of uranium enriched to near weapons
  • Bethenny Frankel confesses that she used to 'force' herself to have sex with ex