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Policy & Politics

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China to issue policies guiding financial services for rural vitalization soon

October 11, 2018


Abstract : The Chinese authorities are formulating policies guiding the financial services for rural vitalization and will release them soon, according to the Xinhua-run Economic Information Daily on Thursday.

农业农村经济发展

BEIJING, Oct. 11 (Xinhua) -- The Chinese authorities are formulating policies guiding the financial services for rural vitalization and will release them soon, according to the Xinhua-run Economic Information Daily on Thursday.

The country will also formulate methods to assess the domestic financial institutions' performance in serving the rural vitalization, said the report.

With a package of policies under way, lots of funds are expected to flow to the rural areas, said experts.

The implementation of the rural vitalization strategy will guide more social resources to the rural areas and become a new driving force for China's economic growth, according to Minister of Agriculture and Rural Affairs Han Changfu.

Meanwhile, more than 20 provinces in China have already released the specific measures to support the rural vitalization.

For example, south China's Guangdong Province has earmarked 61.68 billion yuan to support the implementation of the rural vitalization strategy, up 125.9 percent year on year. North China's Shanxi Province has decided to invest 9.023 billion yuan to implement the rural vitalization strategy. (Edited by Hu Pingchao, hupingchao@xinhua.org)


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