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]
China to encourage microcredit development to boost employment – People’s Daily
Posted by Xiao Qiang | Nov 23, 2006