Premier Li Keqiang inquired in detail whether farm entrepreneurs’ loan interest rate was lowered, while visiting the farmers’ innovation park at Mengzhuang Town, Xinzheng, Henan province, on Sept 24.

When someone expressed the concern that a market-oriented reform of interest rates may intensify competition, the Premier reassured them that financing costs could be cut this way. Interest rate liberalization is aimed at serving the real economy, enabling farmers and their enterprises to get more capital, he added.