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BAAC targets SMEs for farming loans

BAAC targets SMEs for farming loans

The state-owned Bank for Agriculture and Agricultural Cooperatives (BAAC) is seeking to enlarge the ratio of farming loans to small and medium-sized enterprises (SMEs) to 40% of outstanding loans by 2020. The move will comply with the government's policy to move farmers upstream in the production process into value-added agricultural product manufacturers.

 

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