The Contribution of Agricultural Development  Bank of China to Poverty Alleviation

Occupation: Post-graduate student, Center for Chinese Economy and Social Studies
Affiliation: Institute of Far Eastern Studies, Russian Academy of Science
Address: Russian Federation, Moscow

Journal name

Problemy Dalnego Vostoka

Edition

Issue 6

Pages

41-53

Abstract

The article analyzes the Agricultural Development Bank of China`s (ADBC) impact into poverty alleviation. Due to the fact that poverty alleviation was designated as one of the main during the 13th Five Year Plan (2016–2020), the Chinese government prepared special programs of poor regions’ development with the main goal of raising rural areas, create living conditions equal to the urban. The bank plays the role of key financial source, also develops, and implements poverty alleviation projects. ADBC not only provides preferential financial support for small and media enterprises, but also uses other methods to help locals rid out of poverty and be able constantly improve their living standards. For that ADBC selects industries for targeted financial aid, provides loans for infrastructure and educational projects, developing domestic tourism, thereby contributing to businesses transformation, creating jobs, enhancing an educational and cultural level of locals and turning a village into a town.

Keywords

Agricultural Development Bank of China, China, Banks, Financial Institutions, Poverty Alleviation, the 13th Five-Year Plan

Received

08.12.2020

Publication date

15.12.2020

Number of characters

34197

Cite

GOST	Serbina E. The Contribution of Agricultural Development Bank of China to Poverty Alleviation // Problemy Dalnego Vostoka – 2020. – Issue 6 C. 41-53 [Electronic resource]. URL: https://pdv.jes.su/S013128120012987-6-1 (circulation date: 08.10.2024). DOI: 10.31857/S013128120012987-6
MLA	Serbina, Ekaterina "The Contribution of Agricultural Development Bank of China to Poverty Alleviation." Problemy Dalnego Vostoka 6 (2020):41-53. DOI: 10.31857/S013128120012987-6
APA	Serbina E. (2020). The Contribution of Agricultural Development Bank of China to Poverty Alleviation. Problemy Dalnego Vostoka (6), pp.41-53 DOI: 10.31857/S013128120012987-6

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