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CDB strengthens financial assistance to the agricultural sector

Last year, the China Development Bank (CDB), one of the country’s policy banks, increased its financial support for agriculture. According to the bank, the outstanding agricultural-related loans in 2022 reached 250 billion yuan ($36.26 billion). The loans have provided significant help in ensuring food security, constructing agricultural and rural infrastructure, modernizing agriculture, improving rural living circumstances, and consolidating and expanding poverty reduction achievements.

Based on the announcement, the bank also issued 8 billion yuan in special financial bonds for rural regeneration last year. According to the bank, CDB will continue to provide financial assistance for agricultural and rural infrastructure and encourage rural regeneration in 2023.

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