North China looking for big increase in poverty-assistance loans
(chinadaily.com.cn)
Updated: 2016-02-25
At a press conference in the city of Hohot, Inner Mongolia, on Feb 23, the regional government said it will be pushing for more financing for poverty-assistance this year, with the idea of adding 10 billion yuan ($1.5 billion) in loans and a larger role in policies, commercial finance, and poverty alleviation.
The idea is to solve the poverty and life-difficulty problems through small loans of less than 30,000 yuan without a mortgage or security and with low interest, with risk guarantees and financial institutions loosening their limits.
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| Poverty aid press conference in Hohhot, Inner Mongolia, on Feb 23. [Photo/nm.people.cn] |
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| Reporter raising a question at the poverty loan conference, in Hohhot, on Feb 23. [Photo/nm.people.cn] |
High-speed train debuts in Inner Mongolia
A bullet train departed Hohhot East Railway Station for Ulanqab marking the start of high-speed rail services using Inner Mongolia’s first newly-laid high-speed railway on Aug 3.
