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Problems and Countermeasures of Rural Finance in China under the Development of Inclusive Finance

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DOI: 10.23977/ICSSEM2023.038

Author(s)

Dong Yuan

Corresponding Author

Dong Yuan

ABSTRACT

At present, the income gap between urban and rural areas has become one of the livelihood issues that cannot be ignored. Increasing farmers' income and rationally adjusting the rural financial system are the fundamental ways to solve this problem. Inclusive finance is undoubtedly the best choice as a financial way that can effectively and comprehensively provide services for different classes and people in society. With the rapid growth of rural economy in China, the establishment of a scientific and effective financial system is the basis and premise to ensure and promote the further growth of rural economy, while inclusive financial system is the best financial way to promote the stable growth of rural economy and provide comprehensive services for different social classes and people. As a common concept in the current financial system, inclusive finance is closely related to each of us. Vigorously developing rural inclusive finance is a brand-new proposition put forward in the course of financial development in China, and it is also an important measure to conform to the pace of social reform. This paper analyzes and studies the problems faced by rural inclusive finance in China, puts forward some suggestions to promote the construction of rural inclusive finance system in China, and expounds the future development prospects of rural inclusive finance in order to accelerate the pace of rural economic development.

KEYWORDS

Inclusive finance; Rural finance; Countermeasures

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