China: The Ministry of Agriculture and Rural Affairs held a symposium on increasing credit insurance to support dairy and beef cattle production

Published 2024년 8월 28일

Tridge summary

The Ministry of Agriculture and Rural Affairs recently held a symposium to discuss increasing credit insurance support for the dairy and beef production sectors. The meeting was attended by key personnel from nine financial institutions and two insurance companies, along with staff from the Ministry of Agriculture and Rural Affairs. The meeting highlighted the challenges faced by these sectors and emphasized the vast market potential for dairy and beef in China. Financial institutions were urged to continue supporting these sectors by providing loans and innovating credit products, while insurance institutions were advised to improve insurance products to mitigate risks and reduce losses. The financial institutions have pledged to support the stable and healthy development of the dairy and beef cattle industries.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

On August 26, the Ministry of Agriculture and Rural Affairs held a symposium on increasing credit insurance support for dairy and beef production. Responsible persons from relevant departments of 9 financial institutions including the Agricultural Development Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Postal Savings Bank of China, PICC Property and Casualty Insurance, China Life Property and Casualty Insurance, and China Property and Casualty Insurance, as well as responsible persons from relevant departments and bureaus of the Ministry of Agriculture and Rural Affairs attended the meeting. The meeting reported the current situation of dairy and beef production and discussed the work of increasing credit insurance support for dairy and beef production. The meeting pointed out that dairy and beef farming is currently facing prominent difficulties, and the central government attaches great importance to this. ...

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