The government has introduced new incentives to encourage more lenders to provide microcredit loans to labor-intensive small firms and laid-off workers starting new businesses. In a joint statement, the People's Bank of China, the Ministry of Finance... ...full story at People's Daily
from People's Daily on Wed, Aug 20 2008
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Roskam China Legislation Passes the House »
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China to support labor-intensive businesses to create jobs » People's Daily In face of the international financial meltdown, the Chinese government will support labor-intensive enterprises, small and mid-sized businesses, the private companies and the service sector in order to maintain a stable unemployment rate. "The... |
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Freight firms offered 0% finance » People's Daily Transport firms in Beijing that take out bank loans to finance the purchase of low-emission vehicles can apply for subsidies from the municipal government to cover their interest payments, a senior official said at a press conference yesterday. Chen... |
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ADB calls for support for farmers to start small business in W. China » People's Daily Helping farmers and laid-off migrant workers open small businesses in west China will help absorb the large surplus in the country's labor force, according to an Asian Development Bank (ADB) study released on Wednesday. An estimated 20 million... |
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