BEIJING, Nov. 20 /PRNewswire-FirstCall/ -- Good Life China Corporation http://www.goodlifechina.com/ (GLCC) is pleased to announce that it will be benefiting from a new launched grant program funded with RMB 100 billion Yuan ($14.6 billion USD).
The National Development & Reform Commission, Ministry of Finance and People's Bank of China made a joint announcement on Friday, November 14th of a new program designed to stimulate continued improvements in the economic development of, and 'quality of life' within, China's rural areas.
In the face of the global economic slowdown, the Chinese Governmental bodies are continuing to commit investments in the rural areas of China, especially infrastructure projects that bring long-term gains in the standard of living. This list includes major construction projects, continued emphasis on development of service industries and cultivation of new economic growth centers. Importantly, the initiatives also include energy conservation and pollution reduction programs.
The Hebei Development & Reform Commission has selected Haorizi (Good Life) to be a worthy recipient to receive financial support from these China national treasury-bonds. This is based on Haorizi's continued focus to improve logistic services and bring modern consumer products to rural areas, and the Company's successful launch and continued growth of its e-commerce initiatives.
Funding from the program will start being issued by the end of this year. The Company will provide additional details regarding this new funding as they become available.
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