The revised law will take effect in July next year.
Lawmakers at the session also approved a decision to extend pilot program allowing farmers in selected areas to mortgage their land use rights and housing property rights on Wednesday.
Previously scheduled to expire on Dec. 31, 2017, the pilot program will run for one more year until Dec. 31, 2018, and is expected to further improve rural financial services and raise farmers' incomes.
By the end of September, the program saw 44.8 billion yuan (about 6.8 billion U.S. dollars) of loans issued in the 232 regions and 26.1 billion yuan issued in the 59 regions.
【国内英语资讯:China Focus: Revised Law on Farmers Specialized Cooperatives to vitalize countryside】相关文章:
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