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Web of Proceedings - Francis Academic Press
Web of Proceedings - Francis Academic Press

Analysis of the Influence of Rural Financial Development on Rural Economic Growth

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DOI: 10.25236/ermbfe.2019.090

Author(s)

Wei Zheng

Corresponding Author

Wei Zheng

Abstract

Since ancient times, agriculture has been the foundation of the country. The development of rural economy is inseparable from the promotion of rural financial industry. This paper analyzes the contribution of rural finance to rural economic development and the relationship between rural finance and rural economy. It analyzes the contribution of rural economy to the national economy; studies the causal relationship between rural financial development and rural economic development; and explains the necessity of rural financial development. Finally, it puts forward suggestions for accelerating the rapid development of rural finance in China and creating a good financial ecological environment. The study concluded that the development of rural financial industry is inseparable from the development of rural economy.

Keywords

Rural; Financial; Economic Growth