Minister Suggests Setting up Special Financial Institution to support west development
Tian Fengshan, minister of land resources, suggested setting up the west branch of the State Development Banks or the State West Development Bank to be specially responsible for the investment and financing work for the development of western areas of China.
The move will help to attract and introduce various kinds of social capital to invest in prospecting and developing wester land resources and carrying out the construction of ecological environment, form a plural investment system, enhance the self-development ability of western areas, thus realizing benign development for western development, Monday's China Economy Times quoted Mr. Tian as saying.
Tian Fengshan, minister of land resources, suggested setting up the west branch of the State Development Banks or the State West Development Bank to be specially responsible for the investment and financing work for the development of western areas of China.
