Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap China's rural policy bank to increase financial support for rural revitalization !

China's rural policy bank to increase financial support for rural revitalization

Time:2024-05-01 08:18:09 source:Earthly Exploits news portal
(Xinhua) 08:37, February 26, 2024

This aerial photo taken on June 12, 2023 shows a view of Changlong Village in Cixi City, east China's Zhejiang Province. (Xinhua/Xu Yu)

BEIJING, Feb. 25 (Xinhua) -- The Agricultural Development Bank of China, the country's rural policy bank, has unveiled a guideline to step up credit support for China's Green Rural Revival Program, as part of efforts to promote rural revitalization.

The bank said it will target financial demands in key areas of the program, which highlights living condition improvements and the modernization of agriculture and rural areas, while also exploring effective means of providing financial support for the program.

Greater support will be given to improve rural living conditions, protect and conserve the ecological environment, increase the coverage of infrastructure and public services in rural areas, and build digital villages, the lender said.

It further pledged to broaden channels for farmers to help them increase their income, while keeping loan risks under control.

In 2023, the bank had issued loans totaling 488 billion yuan (about 68.67 billion U.S. dollars) to key areas of the Green Rural Revival Program, data showed.

Related information
  • Immigrant's $1.3B Powerball win spotlights the Iu Mien community
  • Chinese legislators endorse tighter control over Hong Kong, Australia concerned over move
  • Asbestos exposure register should be continued
  • Fa'anānā Efeso Collins: 'The giants whose shoulders I stand on'
  • Welcome to stench ground zero: The village where an unspeakable two
  • Plane passengers rate their airline breakfasts
  • Telling the story of Taiwan beyond the cross
  • Coronavirus China: Wuhan lab staff 'had virus symptoms before first confirmed cases'
Recommended content
  • Explainer: What makes China magnet for multinational corporations?
  • Revealed: The 25 safest airlines for 2024
  • Crackdown on phone scammers leads to cutback in victim numbers
  • Hurricanes Poua won't be allowed to repeat haka criticising government
  • Immigrant's $1.3B Powerball win spotlights the Iu Mien community
  • Morphine shortage across New Zealand impacting patients in palliative care, new stock months away