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Chinese farmers and agri-businesses have been facing difficulties in borrowing money from banks partly due to the lack of high-quality collateral, and the government is encouraging pilots in rural credit guarantees to solve the problem.
Chinese e-commerce giant JD also set up its agriculture and animal husbandry unit last November, putting pig facial recognition technology into pig farming. This high technology can identify different pigs by their faces, monitor them and record their weight and health condition.
Chinese commercial giant Suning said orders within the first hour on Monday increased 89 percent compared with same period last year, with sales of intelligent digital products skyrocketing 288 percent.
Chinese e-commerce giant Alibaba said its net income for the fiscal year ending March 2018 rose 47 percent year-on-year to 64 billion yuan.
Chinese banking institutions had offered credit support of over 746 billion yuan (about 6.53 billion) as of Wednesday noon to boost production restoration amid epidemic control efforts. [Photo/Sipa]
来源：资阳报