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)