In an interview with the FT, Premier Wen Jiabao confirmed that the final decision had been taken to put money into the bank, which is a mainstay of China's rural economy.
“The China Agricultural Bank is the last among five national banks which is now undertaking a banking reform . . . Our decision for this recapitalisation is around $30bn,” said Mr Wen.
An official travelling with Mr Wen said yesterday that the recapitalisation of the bank would happen “soon”.
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