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Reviving the Rural Financial Market

2008-01-07LIYAHONG

CHINA TODAY 2008年11期

LI YAHONG

Du established a“poverty-alleviating economic Coop-erative”in a poverty-Strick-en village.drawing on theexperiences of Nobel Prizewinner Muhammad Yunus“rural bank”model.

room spores worth RMB 8,000,whichhe has agreed to sell back to the coop-erative once harvested for RMB 0.8 perkilo.Although the price is much lowerthan the market price,Song is satisfied.“What we do is quite labor saving.Wejust apply water and a shovel,and thecooperative takes care of the rest.”


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