NAB eyes China food business

Bank deal with CNADC seen helping farmers access Chinese markets.

National Australia Bank (NAB) has launched an initiative intended to help farmers access China's booming growth by forming a relationship with China's largest agricultural group, according to The Australian.

NAB has signed a memorandum of understanding with China's state-owned China National Agricultural Development Group Corporation (CNADC), which has economic and trade ties with more than 80 countries and the equivalent of $A2.6 billion in assets.

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