Author(s)

Fengjuan Nie, Kun Song

Corresponding Author

Kun Song

ABSTRACT

China's rural consumption market has great potential, and the expansion of domestic demand cannot be separated from the continuous development of the rural consumption market. As an important core of expanding domestic demand, the economic driving effect of rural consumption plays a decisive role in opening up the whole economic chain. This study sorts out the impact of rural financial credit on farmers' consumption expenditure in china, and concludes that rural financial credit has a positive effect on farmers' consumption. Therefore, we should fully activate the driving effects of rural finance, vigorously develop the advantages of rural finance in supporting agricultural consumption, and promote the better and faster development of the rural economy. This is not only a solution to the problem of agriculture, rural areas and farmers, but also an important measure to implement the rural revitalization strategy.

KEYWORDS

Formal Financial Credit, Informal Financial Credit, Farmers' Consumption