Hundreds of billions of dollars to strengthen China's agriculture
The Agricultural Development Bank of China, one of the main credit institutions of the country has agreed with the Government's policy to provide at least 3 trillion yuan (450 billion USD) worth loans for the modernization of China's agricultural sector by 2020 – agrarszektor.hu wrote.
The Xinhua news agency reported about the huge amount of loan. In the television newsflash, however, it does not appear that whether this commitment is different from that loan plan announced by the bank in May that is also intended to 3 trillion yuan of investment in agriculture by reducing poverty. (Blog.syngenta.hu, agrarszektor.hu)
Related news
Agricultural subsidies: MBH Bank provides pre-financing for up to several years
MBH Bank further expanded the possibilities of pre-financing agricultural subsidies.…
Read more >Agricultural insurance claim payments decreased in 2023
Agricultural premium income totaled HUF 32.8 billion (-10 percent), and…
Read more >A new chapter in the development of Hungarian agriculture: HUF 475 billion in the name of sustainability and innovation
In accordance with the strategic plan of Hungary’s KAP (Common…
Read more >Related news
Waves in the company trend – the changing faces of liquidations and company formations
Even with decreasing terminations, decreasing numbers of companies in the…
Read more >IGD: Retail media and increased efficiency will be important in 2024
This article sets out to summarise the retail trend predictions…
Read more >Domestic businesses are planning cautiously but consciously – VOSZ Barometer business sentiment analysis – Q1 2024
Uncertainty is still strongly felt in the business mood of…
Read more >