Linxia combats poverty with new financing mechanism

Author: 

China Daily

Publication date: 

Wednesday, 7 August 2013

Type: 

  • Article

Producer: 

External to ACUI

Project theme: 

Document: 

The Linxia Hui autonomous prefecture in Northwest China's Gansu province has come out with a innovative financing program to help the rural people escape poverty faster, according a top official of the prefecture on Sunday. The mechanism, titled Mutual Aid Union for Industrial Development in Villages and launched in April, is aimed at combining different sources of government, enterprises and union members to establish a more convenient and profitable platform of loans for its members. Zhou Qiang, Party Secretary of the prefecture, introduced the program at a symposium.