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China's lending push bypasses farming sector

In 2014 banks lent 306.5 billion yuan to agriculture, compared with approximately one trillion yuan for margin finance for use in stock speculation, and 2.8 trillion yuan for real estate.


AS China pulls out the stops to get more lending into its economy to bolster flagging growth, farming, a sector that employs almost a third of its 1.4 billion people, remains in desperate need of funding.

Policymakers have cut interest rates, increased lending targets and