Qingzhen innovates in issuing government funds

Qingzhen city in Southwest China's Guizhou province has made innovations in the issuing of government funds by using the funds in rural industrial programs, service purchases, insurance, interest subsidies, and the construction of supporting facilities.

For instance, the government will allocate special poverty alleviation funds for the rural industrial programs of companies and cooperatives, which then will be transformed into shares. The dividend produced by these shares will be distributed to rural households.

Data suggest that Qingzhen has been planning for 187 rural rejuvenation programs that involve a total investment of 17.58 billion yuan ($2.64 billion), including 26 rural modernization fund programs and six fund-applying programs.