China to encourage micro credit to improve employment.
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China to encourage micro credit to improve employment.

China to encourage micro credit to improve employment. According to a Xinhua report, People's Bank of China's Deputy Governor Wu Xiaoling said that in order to increase employment, the central bank will encourage micro credit. Although China's financial institutions had distributed CNY 7.45bn in micro credit by the end of September, only 27.3% of China's rural households have availed of this facility.

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