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05-03-2013 08:31 AM
| China
China extends more loans to support agriculture
China's central bank said Monday that it granted more loans in 2012 to financial institutions in rural areas in order to support agriculture.
The People's Bank of China (PBOC) said in a statement on its website that the total amount of loans extended to those institutions reached 209 billion yuan (33.27 billion U.S. dollars) last year, up 22.37 percent from the previous year.
The People's Bank of China (PBOC) said in a statement on its website that the total amount of loans extended to those institutions reached 209 billion yuan (33.27 billion U.S. dollars) last year, up 22.37 percent from the previous year.
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