The Main Problems and Countermeasures of China's Rural Financial System

Zhao Yi

Chinese Economy, 2006, vol. 39, issue 2, 57-70

Abstract: There are many problems in China's rural financial system. The main ones are ambiguous orientation of functions by the financial institutions, inconsistency in the system of rural economic and social development, serious lack of financial resources, and low levels of management in rural financial institutions. To tackle these problems, we have to first recognize the significance of rural financial system reforms from a strategic point of view, and then we need to set up a proper framework for rural financial reforms and let the government play a leading role in rural financial reform and development.

Date: 2006
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