China pledges ag funding to secure grain, oilseed supply
China has pledged to boost financial investment to stabilise the production and supply of grain and other key agricultural products, according to the guidelines issued by the central bank and the agriculture ministry on Thursday.
The government vowed to expand credit investment to support the planting, purchase, sales and processing of soybean and oilseed.
It also pledged to support the stable development of hog, beef cattle, dairy cattle, sheep, and aquatic product sectors through lending mechanisms, including revolving credit and loan rollovers without principal repayment.
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