The policy is hailed as a major step towards a market-oriented reform of rural land but concerns grow over farmers’ ability to repay what they have borrowed. Photo: Xinhua

PBOC floats trial scheme enabling farmers to mortgage their land, in effort seen as helping to boost rural economy

Trial mortgage programme to be introduced in selected regions nationwide, according to PBOC

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The policy is hailed as a major step towards a market-oriented reform of rural land but concerns grow over farmers’ ability to repay what they have borrowed. Photo: Xinhua
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