Agricultural Bank of China, one of the country’s four big state-owned lenders, has enhanced loan issuance to support the development of China’s county-level areas, the bank has confirmed.
The bank said its outstanding loans for county-level areas had totaled 8.35 trillion yuan (about 1.16 trillion U.S. dollars) by the end of June, up 13.9 percent from the beginning of this year.
More loans have been tilted toward key areas to step up support for the modern industrial system, said the bank.
As of the end of June, outstanding loans for the manufacturing sector had climbed 26.6 percent from the beginning of the year to 2.91 trillion yuan.—Xinhua
