Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

Investment in China's rural vitalization likely to top RMB7 trln

January 21, 2019


Abstract : nvestment for China's rural vitalization is estimated to top 7 trillion yuan as fields like rural infrastructure construction have huge investment opportunities.

BEIJING, Jan. 21 (Xinhua) -- Investment for China's rural vitalization is estimated to top 7 trillion yuan as fields like rural infrastructure construction have huge investment opportunities, said by Yu Xinrong, vice minister of Agriculture and Rural Affairs, last Friday, quoted by Economic Information Daily on Monday. 

Yu made the above remarks at a summit on the rural vitalization held by the Ministry of Agriculture and Rural Affairs.

Yu also pointed out that China is expected to roll out a series of policies for rural vitalization through financial services soon. For example, China's central bank, People's Bank of China (PBOC) is about to release a guideline for the financial institutions to serve the rural vitalization. The Ministry of Finance (MOF) is set to unveil a policy for high-quality development of the agricultural insurance.

Currently, there are still a large number of financial service gaps in rural areas across the country. The availability and convenience of financial services for the rural residents have not yet been fundamentally improved. The flexible and diversified financing needs of agribusiness have not been fully met, said Lin Jingzhen, vice president of Bank of China.

He noted that in the future, with the advancement of the rural vitalization strategy, driven by factors such as agricultural supply-side reform, land system reform, and Internet development, the demand for financial services in rural areas will increase tremendously.

Zhang Gengsheng, vice president of China Construction Bank, suggested that local governments, agricultural credit guarantee companies, insurance companies and financial institutions jointly build a multi-level risk-sharing mechanism to improve the availability of financing for rural enterprises and individuals. (Edited by Hu Pingchao, hupingchao@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: rural-vitalization

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial