xi's moments
Home | Finance

China sees outstanding agriculture-related loans increase

Xinhua | Updated: 2024-02-13 15:01

JIN DING/CHINA DAILY

BEIJING -- China saw the balance of agriculture-related loans increase by the end of last year, according to data released by the People's Bank of China, the country's central bank.

The balance of agriculture-related loans, both in renminbi and foreign currency, stood at 56.6 trillion yuan (about $7.97 trillion) in China at the end of 2023, up 14.9 percent year on year, according to the data.

The growth rate was 0.9 percentage points higher than the end of 2022.

Specifically, the rural loans balance stood at 47.26 trillion yuan at the end of last year, increasing by 15.2 percent year on year which was 1.7 percentage points higher than the end of 2022.

The balance of agriculture loan stood at 5.84 trillion yuan, increasing by 15.4 percent year on year which was 4.7 percentage points higher than the end of 2022.

Global Edition
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349