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
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
