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China Daily | Updated: 2016-03-10 08:11
Govts & policies
Micro-financing helps millions of women
Nearly 5 million Chinese women received micro-financing worth 247.8 billion yuan ($38.1 billion) in 2015, the All-China Women's Federation said on Tuesday. Central and local government subsidies contributed more than 21.37 billion yuan to this sum. China began issuing micro-financing to women to encourage entrepreneurship and poverty reduction in 2009. The loans have helped boost the economy in underdeveloped western and rural regions, according to the federation.
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