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
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