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China Subsidy Exchange

February 12, 2018

China Issues National Strategy to Vitalize Rural Areas

On February 4, 2018, the State Council of China and the Central Committee of the Communist Party of China jointly issued the Opinions on Implementing the Rural Revitalization Strategy, to rejuvenate the rural areas in China. The Opinions plan to implement the rural vitalization strategy by three steps: (1) achieving significant progress by 2020; (2) achieving crucial progress and agricultural modernization by 2035; and (3) having a strong agriculture sector, beautiful countryside, and well-off farmers by 2050. As supporting measures, the Opinions call for increasing public funding to the agriculture sector, improving the national agriculture credit loan guarantee system, expanding fundraising channels, and increasing supports from financial banking institutions.