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
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”)
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.