Citigroup joins the debate on Chinese microfinance

Citi sets up China's first national microfinance training centre.

According to a Chinese Academy of Sciences researcher, self-financing microfinance initiatives may only have a limited application in resolving ChinaÆs poverty issues.

ôUltimately, the resources needed to combat ChinaÆs poverty problem need to come from the government exchequer,ö estimates Professor Du Xiaoshan, a development expert from the Rural Development Institute of the Chinese Academy of Social Sciences CASS.

CASS has its own microfinance institute called the Founding the Poor Co-operative FDC, overseen by Du.

DuÆs recent comments to...

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