2020년 08월 11일 화요일
뉴스홈 국제
China offers more loans for poverty alleviation

[서울=아시아뉴스통신] 레악카나기자 송고시간 2020-07-07 05:30

Leaders of the Communist Party of China (CPC) at the Great Hall of the People in Beijing, capital of China, May 22, 2020.(File photo by=Xinhua/ Ju Peng)


[아시아뉴스통신=레악카나 기자] China will offer more small loans to the impoverished as part of efforts to win the battle against poverty, according to an official circular.


The circular, jointly released by the China Banking and Insurance Regulatory Commission and three other government departments on Friday, pledged wider microloan coverage for poverty alleviation and the consistent implementation of existing policies. To mitigate the impact of COVID-19 on poor borrowers, the repayment period for poverty alleviation microloans will be further extended, said the circular.

It also stressed more efforts to control the risks of poverty alleviation microloans. Launched in 2014, the microcredit product refers to loans each under 50,000 yuan (about 7,078 U.S. dollars), with favorable terms, to support poor families.

China has offered 444.35 billion yuan in poverty alleviation micro-credit support as of the first quarter this year, contributing to the cause of helping the poor develop production, shake off poverty and become rich, as well as advancing the development of financial markets in poverty-stricken regions.

 

[ 저작권자 © 아시아뉴스통신. 무단 전재 및 재배포금지]



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