China's central bank extends new farming loans
Updated: 2012-03-08 17:25
(Xinhua)
|
|||||||||||
BEIJING - China's central bank said Wednesday that it will provide 10 billion yuan ($1.58 billion) in new loans to support the country's spring farming.
The People's Bank of China (PBOC) said in a statement on its website that it would guide financial institutions in rural areas to make good use of the new loans and expand lending to the agricultural sector.
The PBOC made 50 billion new loans to support agriculture in 2011, and the total outstanding loans for supporting agriculture reached a record high of 109.4 billion yuan by the end of last year.
Related Stories
Honey, don't bee funny 2010-11-23 07:38
Hu Chenglin: 'The Farmer's Professor' 2011-07-04 14:47
Down on the farm 2011-03-03 07:49
Farm products supplier with international name 2010-12-21 08:04
Today's Top News
President Xi confident in recovery from quake
H7N9 update: 104 cases, 21 deaths
Telecom workers restore links
Coal mine blast kills 18 in Jilin
Intl scholarship puts China on the map
More bird flu patients discharged
Gold loses sheen, but still a safe bet
US 'turns blind eye to human rights'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
All-out efforts to save lives |
Liaoning: China's oceangoing giant |
Poultry industry under pressure |
'Spring' in the air for NGOs? |
Boy set to drive Chinese golf |
Latest technology gets people talking |