
Chinese farmers will soon be allowed to use their management rights over contracted land and their homes as collateral for bank loans.
The trial programs, announced by the State Council on Monday, are an attempt to revitalize rural land assets, increase the investment in long-term and large-scale agricultural projects, and raise farmers' income.
China's central bank, the People's Bank of China, and the central leading group office of rural work will improve rural finance and carry out pilot projects to allow farmers to raise mortgages.
Local governments and institutions will offer better support for improvements on rural financial products and services such as reduced interest rates, extended maturity and more appropriate credit ceilings.
China is making large-scale farming more attractive to industrial and commercial capital, via transfer of management rights of rural land and development of new agricultural businesses.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:56 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 14:11 2018 Thursday ,08 November
Greek minister, Russian ambassador discuss possible investment projectsGMT 13:42 2018 Wednesday ,07 November
PM says Russian-Chinese trade turnover may reach $200 blnGMT 11:15 2018 Wednesday ,07 November
Top U.S. diplomat visits Pakistan to discuss economic cooperationGMT 13:53 2018 Thursday ,01 November
Alrosa to sell 127 large gem-quality rough diamonds at an auction in IsraelGMT 10:59 2018 Tuesday ,30 October
Trade turnover between Russia and Japan grows by over 17% in 2018Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor