China’s Banks Cannot Achieve Financial Inclusion Alone, Think Tank Chief Says
(Beijing) — To achieve financial inclusion in China, a competitive and sustainable microloan market is more important than simply offering loans at lower rates or to provide lending to borrowers shunned by banks, the head of a local think tank said.
Access to financial services, especially but not limited to loans, is one of China’s policy priorities. The Chinese government launched the campaign in 2015 to alleviate poverty and boost economic progress for the country’s rural population of about 600 million.
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