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Hubei gets credit support for agriculture
(Xinhua)
Updated: 2005-05-04 09:44
The Agricultural Development Bank of China will provide central China's Hubei
province with loans totaling 30 billion yuan (US$3.6billion) between 2005 and
2007 to support its agricultural production, circulation and technological
upgrading.
According to Zhou Jianwei, provincial deputy governor, the loans will be a
support to stimulate the province's agricultural development and help ease the
financial "bottleneck" restricting the further development of key agricultural
businesses.
The province has done a lot in recent years to support the development of the
province's key agricultural businesses, 22 of which have been listed as
"state-class key enterprises."
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