ANNOUNCEMENT 18 Sep 2016

On the 18th of September 2016, the Chinese Ministry of Agriculture announced a scheme in partnership with the State Agricultural Development Bank for a three-year funding programme totalling three trillion CNY.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Chinese Ministry of Agriculture, 18th September 2016 (农业部与农发行签订全面战略合作协议“十三五”期间3万亿意向性融资投向“三农”)
http://www.moa.gov.cn/zwllm/zwdt/201609/t20160918_5276867.htm

Inception date: 18 Sep 2016 | Removal date: 31 Dec 2020

State loan

The PRC's Department of Agriculture announced on the 18th of September 2016 that it would be partnering with the State Agricultural Development bank to provide low-interest state loans to eligible agricultural firms to a total sum of three trillion CNY ($450bn).

The scheme is being introduced as part of the 13th Five-Year Plan.

AFFECTED PRODUCTS

 
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