Off the wire
Feature: A Polish diplomat's long story with China  • Albania, Czech Republic eye deeper tourism cooperation  • (Recast) 1st LD: Egypt court sentences Morsi to life in jail over spying for Qatar  • 1st LD: Egypt court sentences Morsi to life in jail over spaying for Qatar  • 1st LD: Egypt court confirms death sentence for 6 Morsi co-defendants over "Qatar espionage"  • Export enterprises increase in Albania in recent years  • Weather forecast for major Chinese cities, regions -- June 18  • Weather forecast for world cities -- June 18  • Zimbabwe defers paying soldiers amid cash shortages  • Feature: A Polish diplomat's long story with China  
You are here:   Home

Vice Premier urges more capital to reduce poverty

Xinhua, June 18, 2016 Adjust font size:

Vice Premier Wang Yang has called for more financial sector support to assist the poverty alleviation campaign.

All financial institutions should be encouraged to adopt preferential policies to help lift the poor out of poverty, Wang said in a teleconference held on Friday.

He called for more sources of financing to be made accessible, and for policy instruments to be used to help the poor.

Poverty alleviation policies should be well-targeted, and local authorities should make sure that their efforts result in practical results, Wang added.

Companies and cooperatives that have played crucial roles in poverty alleviation should be given financial support, he said.

Wang also encouraged research into financial products that are conducive to poverty reduction, while adding that financial institutions should lower the cost of their services so that more poor people could enjoy such services. Endi