Government experts called for a new agricultural financing system to combat the shortage of capital in rural areas.
Last year, farming projects and township enterprises accounted for 10.6 percent of loans from the banking sector, but contributed 46 percent of the country's GDP. The urban-rural average annual income ratio was about 3.11
Only 25 percent of farmers had experience of getting loans from government financial institutions with government statistics showing that 50 to 60 percent of farmers had loans from unregulated lending organizations.
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved