China’s rural banks are required to focus on supporting the financial needs of counties and rural areas, particularly small companies and farmers. Photo: Shutterstock China’s rural banks are required to focus on supporting the financial needs of counties and rural areas, particularly small companies and farmers. Photo: Shutterstock
China’s rural banks are required to focus on supporting the financial needs of counties and rural areas, particularly small companies and farmers. Photo: Shutterstock
China economy

Explainer |
China economy: why are small rural banks important, and what problems do they face?

  • Central government’s message to China’s rural banks is clear – support the financial needs of counties and agricultural areas, and manage risk more effectively
  • President Xi Jinping says ‘a historic shift’ is underway to ‘comprehensively improve’ rural China, which accounts for more than 40 per cent of the nation’s population

Topic |   China economy
China’s rural banks are required to focus on supporting the financial needs of counties and rural areas, particularly small companies and farmers. Photo: Shutterstock China’s rural banks are required to focus on supporting the financial needs of counties and rural areas, particularly small companies and farmers. Photo: Shutterstock
China’s rural banks are required to focus on supporting the financial needs of counties and rural areas, particularly small companies and farmers. Photo: Shutterstock
READ FULL ARTICLE