BEIJING Willie Mays Youth Jersey , Aug. 21 (Xinhua) -- China's central bank has called for the country's financial institutions to give more credit support to poor areas to help lift people out of poverty.
At a meeting Monday, Pan Gongsheng, deputy governor of the People's Bank of China, urged China's policy and commercial banks to step up financing support for relocation projects and infrastructure building in poor regions.
Securities and insurance companies should expand their business network in these areas, Pan said, stressing China's poverty relief target needs coordinated efforts from various financial organs.
The central bank also pledged to effectively use monetary policies and finance tools to guide more institutions to contribute to poverty alleviation.
China has set 2020 as the target to complete the building of a moderately prosperous society, which requires the eradication of poverty.
As of the end of 2016, there were still 43.35 million Chinese living below the country's poverty line.
China Focus: New high-speed trains run on north China lines
U.S. destroyer arrives at waters off Singaporean Naval Base after collision
Int'l Fireworks Festival marked in Moscow
Anti-terror and anti-chemical exercise held in S. Korea
At least 2 died, 8 injured in knife attack in Turku, Finland
13 killed, over 100 others injured in Barcelona attack: official
Over 400 killed in mudslides in Sierra Leone
Qiandaohu Lake in China's Zhejiang under stricter protection
SIEM REAP, Cambodia, July 25 (Xinhua) -- The 11th Association of Southeast Asian Nations (ASEAN)-China Forum on Social Development and Poverty Reduction was held here Tuesday to share successful experiences and best practices on poverty reduction.
Co-hosted by China's State Council Leading Group Office of Poverty Alleviation and Development (LGOP) and Cambodia's Ministry of Rural Development, the forum brought together over 120 government officials, experts, scholars, China-invested companies' representatives, NGO representatives and international organizations' officers from China and ASEAN countries.
The forum, entitled "China and ASEAN: Innovation and Practice on Poverty Reduction," discussed such issues as China and ASEAN countries' innovation and best practice on ideas and policies for poverty reduction, how to push forward cooperation on reducing poverty between China and ASEAN, and how China and ASEAN countries can achieve the goal set in the 2030 Agenda for Sustainable Development.
Speaking during the opening ceremony of the two-day forum, Hong Tianyun, vice minister of China's State Council LGOP, said poverty reduction was a common goal for human development and a common challenge for China and ASEAN countries as well.
"Being the world's largest developing country, China has always been an active advocate and powerful enabler of the world's poverty reduction cause," he said.
Meanwhile, Hong shared the Chinese formula in its achieving large-scale poverty reduction along with rapid economic growth.
He said firstly the prerequisite of China's successful practice is upholding reform and opening-up so as to maintain a continuous growth of economy.
Secondly, the guarantee is giving full play to the Communist Party of China (CPC)'s leadership and socialism with Chinese characteristics. Thirdly, governments provide guidance which combines long-term poverty reduction planning with annual poverty reduction objectives.
Fourthly, the strategy of targeted poverty alleviation and reduction should be adjusted and implemented according to different conditions to maintain its effects, and fifthly, the emphasis is given to the market to mobilize social involvement and synergy.
Hong said that in the future cause of poverty reduction, China will continue to carry out this formula and intensify its efforts in this regard so that more poverty-stricken regions and population can benefit from the country's development. Meanwhile, China will continue to work with the international community and contribute to the cause of global poverty reduction.
Hong stressed that China and ASEAN are linked by rivers and mountains and bound by peoples and cultures as well, adding that this year marks the 50th anniversary of ASEAN and the 26th anniversary of establishing dialogue relationship between China and ASEAN, a milestone in the development of ASEAN.
Cambodian Rural Development Minister Ouk Rabun said the forum was vital for the participants to discuss and exchange views on their efforts in reducing poverty in ASEAN member countries.
"Through the 11th ASEAN-China Forum on Social Development and Poverty Reduction, I believe that we will gain good qualifications, best practices, and new experiences from each other among ASEAN member countries and from China," he said during his opening speech.
He said with full peace, solid political stability and good security, Cambodia has achieved the average growth of 7 percent per annum and reduced poverty by more than 1 percent per year in the last two decades.
According to Cambodian government figures, poverty rate declined to 11.5 percent in 2015 from 53.2 percent in 2004 for those who live with an average income of less than 1.2 U.S. dollars per day.
During the forum, attendees will join in the discussions concerning China-ASEAN cooperation: innovation and practice on poverty reduction, implementation approaches for China-ASEAN cooperation on poverty reduction, the 2030 Agenda for Sustainable Development, and prospect for China-ASEAN cooperation.
The attendees will also pay a field visit to Run Ta Ek Eco Village on Thursday.
Thailand-China railway serves Thailand's long-term development: Chinese FM
Unmanned submersible to detect cold seep in South China Sea
China's Hainan braces for Typhoon SoncaDrop In Like With The Cloud and. Cheap Jerseys China Cheap NFL Jerseys China Cheap NBA Jerseys From China Cheap Replica NBA Jerseys Cheap Authentic MLB Jerseys Cheap Authentic College Jerseys Cheap NCAA Jerseys Cheap Replica MLB Jerseys Cheap Retro Soccer Jerseys Cheap Custom Soccer Jerseys