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...
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