Beijing: The Agricultural Development Bank of China, one of the country’s main policy lenders, agreed to loan at least US$450bil (RM1.8 trillion) by 2020 for the modernisation of China’s agriculture industry, state media announced.
The Ministry of Agriculture and the bank, which lends in line with government policy, signed an agreement to protect national food security, support the sector doing business overseas and develop China’s seed industry, according to Xinhua news agency.
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