politics

China Development Bank doubles loan support for farmland work

Font size+Author:Stellar Sphere news portalSource:entertainment2024-05-01 00:08:40I want to comment(0)

(Xinhua) 14:37, April 04, 2024BEIJING, April 4 (Xinhua) -- The China Development Bank (CDB), a major

(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 articles
  • Finnish carrier suspends Estonia flights after GPS interference prevents 2 landings

    Finnish carrier suspends Estonia flights after GPS interference prevents 2 landings

    2024-05-01 00:02

  • World political party leaders hail CPC's people

    World political party leaders hail CPC's people

    2024-04-30 23:05

  • New channel of China

    New channel of China

    2024-04-30 21:57

  • Xi Story: Beacon of China's Reform and Opening up, Shenzhen Prospers Under Xi

    Xi Story: Beacon of China's Reform and Opening up, Shenzhen Prospers Under Xi

    2024-04-30 21:43

Netizen comments