China will offer customized financial services to new farming practices to push agricultural modernization, China’s central bank said on Friday [21 February 2014]. Financial institutions should give more credit support to innovative farming entities such as family farms and agricultural cooperatives by adjusting loan rates, maturity length and collateral, according to a statement released by the People’s Bank of China…Full Article: China Daily Feb 2014

Key point

  • Farmers who cultivate fruit or other crops will long growth cycles will be eligible to receive loans that have a maturity length of up to 10 years

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