citigroup-joins-the-debate-on-chinese-microfinance

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 FinanceAsia are a reminder of how intractable the problem of poverty alleviation is, despite the hope raised by initiatives such as microfinance.

Microfinance has become increasingly popular as a concept for alleviating poverty because...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222