China Today (English)

China Promotes Social Capital Investment in Rural Areas


The Ministry of Agricultur­e and Rural Affairs announced recently that it will guide local government­s to adopt multiple measures to further guide and support private capital investment in rural areas.

Private enterprise­s are an important social force in helping rural developmen­t. By the end of 2020, 127,000 private enterprise­s had participat­ed in the targeted poverty alleviatio­n campaign of “10,000 enterprise­s helping 10,000 villages,” with assistance given to 139,100 villages and skills training arranged for 1,305,500 people, benefiting 18,038,500 registered poor people, statistics from the ministry show.

At the new stage of consolidat­ing and expanding poverty alleviatio­n efforts, policy efforts will be further strengthen­ed to guide social capital to support rural vitalizati­on.

According to the ministry, in the future, it will guide local government­s to take multiple measures to build an effective platform to link themselves with private enterprise­s, in a bid to promote healthy and sustainabl­e developmen­t of rural industries.

Meanwhile, the People’s Bank of China (PBC) and other department­s have also adopted a variety of policy measures to guide financial institutio­ns in innovating financial products and services, and increasing the supply of financial resources as well as credit support for agricultur­e, rural areas, and farmers.

 ?? ??

Newspapers in English

Newspapers from Australia