Farmers flock to sheep bank for funding

Innovative measures are raising living standards in an isolated community on the edge of a desert. Li Lei reports from Beijing, with Hu Dongmei in Yanchi county, Ningxia Hui autonomous region.

Yin Guotao, a sheep farmer in a remote village in Yanchi county, Ningxia Hui autonomous region, beamed at his friends as he spoke proudly about his lucrative business.

The 47-year-old was buoyed by last year's earnings of more than 500,000 yuan ($74,000) from the sale of 2,000 Tan sheep.