日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service


Hot Links
China Development Gateway
Chinese Embassies

Rural Reform of Financing to Speed Up
Efforts to reconstruct the much-weakened financial system in China's vast rural areas are poised to pick up speed in the coming months, analysts said.

The China Banking Regulatory Commission has given top priority to rebuilding the rural financial system, which has become weaker in recent years despite efforts to reform it.

The commission was set up last month and took over some regulatory functions of the central People?s Bank of China.

Feng Xingyuan, a researcher with the Agricultural Research Institute of the Chinese Academy of Social Sciences, said: "Inadequate credit support for county-level economies has been widespread in recent years, which has impeded the structural readjustment of the rural economy.''

In a bid to sharpen their competitiveness in the face of fierce foreign competition, China's four State-owned commercial banks -- the Agricultural Bank of China, Bank of China, China Construction Bank, and Industrial and Commercial Bank of China -- have withdrawn from most counties and rural areas to refocus on more profitable operations in the big cities. This has left the burden of financing agricultural needs with rural credit cooperatives.

But the rural credit cooperatives are already in dire straits. Their non-performing loans stood at 515 billion yuan (US$62 billion) at the end of last year, a staggering 37 per cent of their total outstanding loans.

Worse still is the situation with the widely scattered postal savings outlets. For historical reasons, these outlets have the privilege of redepositing funds with the central bank for a high rate of interest and they are siphoning a huge chunk of rural savings away from the countryside.

The central government has taken steps to remodel such cooperatives, reorganizing them into bigger cooperatives or into banks. The most recent step was the establishment in March of the first rural cooperative bank in East China's Zhejiang Province, a combination of a joint-stock structure and cooperative mechanisms.

However, Qin Chijiang, deputy secretary-general of the China Society of Finance, said: "The establishment of such institutions is just a good start. The issue of rural financing is a matter of overall economic policy.''

Industrial policies should be revised to enable the structural upgrading of the rural economy, he said, and preferential tax policies need to be formulated for farmers and businesses to support innovative agricultural technologies.

Economists have also called for tax incentives to redirect commercial loans to rural areas, further reform of credit cooperatives to enable them to play a stronger role in supporting farmers and agriculture, as well as a lower interest rate on redeposited funds from postal savings branches.

(China Daily May 10, 2003)

Rural Tax Reform to Begin Nationwide
Help Farmers-turned Businessmen
China Vows to Target Rural Development
China's Market Economy Takes Over the Rural Economy
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright ©China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688
主站蜘蛛池模板: 晋中市| 新化县| 腾冲县| 白河县| 伽师县| 富源县| 黄骅市| 东兰县| 宜兴市| 桂阳县| 东方市| 延川县| 会东县| 汕尾市| 项城市| 葫芦岛市| 新宾| 岑巩县| 建宁县| 泰宁县| 永平县| 岱山县| 迁西县| 沭阳县| 翁源县| 沧州市| 五寨县| 无锡市| 栖霞市| 济南市| 古丈县| 衡南县| 大足县| 安仁县| 雷波县| 永泰县| 西城区| 庆云县| 唐河县| 甘泉县| 英超|