China to encourage microcredit development to boost employment – People’s Daily

 Photo 20060507 541464914120060507142502 From People’s Daily Online:

China’s central bank is to encourage the development of microcredit in a bid to boost employment, said a deputy governor of the People’s Bank of China on Wednesday.

Wu Xiaoling said at a meeting that the bank would establish a long-term re-employment system through facilitating microcredit. [Full Text]

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