China Allows Farmers to Pledge Pigs for Loans in Bid to Boost Pork Production

China Allows Farmers to Pledge Pigs for Loans in Bid to Boost Pork Production
A pig farm on the outskirts of Beijing on June 5, 2017. Nicolas Asfouri/AFP/Getty Images
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News Analysis

China’s National Development and Reform Commission has authorized banks to loan farmers cash against their live pigs in a capitalist move to increase pork production.