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People's Bank of China issues rule to help farmers.
Text of report entitled: "according to the new rule of the People's Bank of China issued on 10 December, farmers' small-sum credit loans will be given at lower interest rate"; carried by official Chinese news agency Xinhua (New China News Agency)
Beijing, 10 December: Today the People's Bank of China (PBOC) issued the "Guiding Opinions on the Administration of Farmers' Small-sum Credit Loans From the Rural Credit Cooperative". It is stipulated in the new rule that the interest rate of the farmers' small-sum credit loan can be given with proper preferential adjustments according to the basic loan interest rate and the floating scale published by the PBOC.
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