The Research On Financial Support To The Rural Economy Development Of China

On China’s regional economic geography, rural economy is the important strategic basis points.China’s economic development board in the countryside.Key in the countryside, to build a well-off society in an all-round way of the development of rural economy is the only way to realize the great revival of the Chinese dream.Finance is the core of modern economy, rural economic development cannot leave the financial support.However, China’s rural financial financial not only lagged behind the city, and will not match and rural economic development level, support the development of rural economy effect is not so good.Why financial development promote economic development of the theoretical assumptions in the city and some other countries is implemented, the countryside is quite different in China?Not only that, unbalanced regional economic development in rural China’s performance is very outstanding.Developed regions in rural and underdeveloped areas of rural economic development level and financial development there is a big difference.So, the rural financial development difference will lead to rural economic development difference, or the opposite?At present, the world economy is in a slow recovery and depth adjustment, the slowdown in the growth rate of China’s economy on and structural transformation of the “new normal”.In the face of international and domestic complicated severe economic situation, the rural financial development and rural economic development is especially striking.This is because the rural economic and financial development not only conforms to the fundamental strategy to solve the problem of “agriculture, rural areas and farmers” and can satisfy the structural adjustment of our country to expand domestic demand and macroeconomic requirements; At the same time, the profound change of the pattern of international trade and international capital flows on China’s increasing impact, make originally weak rural economic gloom.Been high hopes for developing the rural economy of rural finance did not play its proper role, even under the various interests game, the rural financial development status worrying, mainly for the rural financial system is incomplete, the lack of rural financial innovation power and the rural financial reform has been slow.In this context, how to driving the development of rural economy by rural financial development, and realize the coordinated development of rural finance and rural economy is the current Chinese economy is facing major problems to be solved.The problem of crack, First of all, we have to deep understanding of China’s rural economic development and the basic relationship between rural financial development status, combined with the actual in-depth analysis of the causes of China’s reform; Second, China’s regional economic development is not balanced, the characteristic of urban and rural dual economy is obvious, even in rural areas and developed areas in rural and underdeveloped areas of rural situation of the development of the huge differences, China’s rural financial development and rural economic development, the emphasis and difficulty of the problem is that less developed traditional agricultural areas, and the less developed the rural financial development of traditional agriculture and rural economic development question research has special significance; Third, capital bottleneck always affects the rural economy development, in different stages of market-oriented reform, China’s rural capital supply way and the state have their own characteristics, so to understand behavior in the process of rural finance in rural economic development and function is very necessary; Fourth, even if the rural finance to promote rural economic development, is not bound to increase farmers’ welfare level.Consumption level can generally represent the welfare level, and improve the level of farmers’ welfare is the inherent requirement of the rural financial development and rural economic development, is also should be to build a well-off society in an all-round way, so in the case of China’s regional economic development difference big, the rural financial development on rural residents’ consumption of regional influence and function mechanism has important practical significance; Fifth, economic finance, financial reaction in economy, scholars tend to pay more attention to the reaction of finance, and less consider the decisive role of economy of financial, rural financial development is affected by what factors, one of the decisive factor is what, at the same time these influencing factors of regional differences?This is undoubtedly worthy of further study of important issues.This article will revolve around the above five aspects issues in-depth study, trying to uncover China’s rural economic development and rural financial development issues.This research mainly draws the following conclusion:First, China’s rural financial development and rural economic development has a long-term equilibrium relationship between; The rural financial scale has significant negative effects on rural economic development; Rural financial efficiency is the positive effect on rural economic development has a certain lag; Rural deposits and there is no significant granger causality between rural economic development; Rural economic development on the scale of rural finance and rural financial efficiency has a negative impact.Second, the government-led rural financial reform is “path dependence”; Rural loan ratio is low, and the finance support agriculture against the development of rural economy and finance; The central government can timely change development strategy, more and more respect for the role of the market, make the rural finance, finance support agriculture and rural economic development to coordinate the relationship between.Along with the advancement of China’s market-oriented reform, rural finance and the finance support agriculture appeared the positive effect on rural economic development gradually, and the magnitude of the effect increased; Only rural finance and finance support agriculture work together, to break hinder the market function of institutional and administrative barriers, to break the rural financing problems.Third, the rural financial development level for rural residents’ consumption has important influence.Overall, rural finance can promote rural residents’ consumption growth, especially in eastern and central regions, rural finance plays a positive role on rural residents’ consumption.The key and difficult point for rural financial promote rural residents’ consumption in the western region.Rural finance not only failed to promote the development of the western region of rural residents’ consumption, but due to the accumulation of rural financial risk, rural small business loans and rural savings deposits to shunt the rural financial resources, the western region of rural residents’ consumption of inhibition.Fourth, the government and market are the important factors affecting the development of rural finance.The role of government spending on rural financial development has income difference characteristics, namely high income in rural areas, government spending have a negative effect on the rural financial development, and in low-income rural areas, government spending on rural financial development has a positive effect; Rural marketization of rural overall performance for the positive effect of financial development, rural marketization process of ascension will help to improve the level of rural per capita and rural per capita financial assets loan, inhibits the rural financial flows at the same time, but may increase the risk of a rural finance.Fifth, the less developed areas is weak spot of financial support rural economic development.Through the case study of jilin province showed that the rural financial development is not show the rural financial structure optimization, and to promote the efficiency of rural finance, but because of the lack of effective financial supply caused by a mandatory savings.In terms of financial supply, state-owned commercial Banks withdraw from rural areas, and rural credit cooperatives and the lag of the reform of rural financial institutions such as the postal savings bank, set up the new type of rural financial institutions are not common.Prominent problems of the rural capital outflow, the rural financial risk is bigger.Rural loan ratio is relatively low, relatively insufficient credit support of rural economic development.On the basis of the research conclusion, this paper puts forward the following Suggestions: First, is to adhere to the market-oriented direction, deepening the reform of rural finance; Second, it is better give play to the role of the government, to break the administrative and institutional barriers; Third, to speed up the pace of pratt &whitney financial implementation, increasing rural financial supply; Fourth, improve the rural public finance system, to strengthen the financial input to the underdeveloped rural areas.This article is divided into eight chapters, the first chapter: introduction; Chapter 2: literature review; The third chapter: China’s rural financial development and rural economic development; The fourth chapter: the rural finance, finance support agriculture and rural economic development; The fifth chapter: the rural financial development and rural residents’ consumption growth; Chapter 6: the influence factors of the rural financial development; Chapter 7: underdeveloped regions in rural financial support for rural economic development analysis- in jilin province as an example; Chapter 8: main conclusion and policy meaning.