Policy bank to lend US$458b to ease poverty
Print Edition
AGRICULTURAL Development Bank of China, one of the country’s main policy lenders, plans to extend 3 trillion yuan (US$458.3 billion) worth of loans through 2020 as part of the government’s efforts to reduce poverty, state media reported yesterday.
The bank will lend about 1.1 trillion yuan to support construction of infrastructure in rural areas, while a further 1 trillion yuan will be made available for grain and crop production industries, the official People’s Daily reported.
Relocation of people below the poverty line, tourism, environment and education are among other areas to which the bank will lend as part of the poverty-reduction effort, state media agency Xinhua reported on Saturday, citing the bank’s chairman Xie Xuezhi.
In October, the government said it aims to lift all its 70 million poor above the poverty line by 2020. In March, Premier Li Keqiang promised 43 percent more funding for poverty-relief programs.
Since 1978, more than 800 million Chinese have been lifted out of poverty, according to World Bank figures.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
