TITLE:
Study on the Sustainable Development of Targeted Poverty Alleviation through Financial Support
AUTHORS:
Lixia Huang, Shanshan Yang
KEYWORDS:
Financial Support, Targeted Poverty Alleviation, Poor Areas, Financial Institutions
JOURNAL NAME:
Current Urban Studies,
Vol.6 No.1,
March
27,
2018
ABSTRACT: The 13th five-year plan proposed that rural poor people in China’s current
standards will lift out of poverty by 2020, and all the poor counties were lifted
out of poverty, addressing regional overall poverty. Since then, China’s poverty
alleviation work has been fought in an all-round way. Targeted poverty
alleviation is the mode of poverty alleviation that applies scientific and effective
procedures to implement precise identification, accurate help, and precise
management, aiming at different poverty-stricken farmers and different poverty-
stricken areas. Firstly, this paper studies the problems that are prevalent
in the process of promoting financial support for targeted poverty alleviation
in China, takes Hebei province as an example to analyze the current situation
of financial precision poverty alleviation, proposes to vigorously develop inclusive
finance in poor areas, and advocates that financial institutions work
closely with government departments to improve the effectiveness of anti-
poverty work and establish and improve the risk diversification compensation
mechanism to promote the sustainable development of financial poverty,
as a result to effectively promote the process of targeted poverty alleviation
and to achieve the goal of building a moderately prosperous society in all respects
by 2020.