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

The Reform Logic and Practical Path of the Two-way Flow of Urban and Rural Elements in China

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DOI: 10.25236/ieesasm.2024.009

Author(s)

Xinyu Li, Wen Bao

Corresponding Author

Wen Bao

Abstract

The Third Plenary Session of the 20th Central Committee of the Communist Party of China (CPC) emphasized "promoting the equal exchange and two-way flow of urban and rural elements, narrowing the gap between urban and rural areas, and promoting the common prosperity and development of urban and rural areas". To realize the equal exchange and two-way flow of urban and rural factors, it is necessary to follow the laws of the market economy, establish a market-oriented factor price formation mechanism, smooth the channels for the flow of urban and rural factors, promote the independent and orderly flow of factors between urban and rural areas, ensure that farmers obtain equal rights and interests in the exchange of labour, land, capital and other factors, and build a new pattern of two-way and reasonable flow of urban and rural factors. However, the long-standing dual structure of urban and rural areas in China restricts the two-way flow of urban and rural elements. At present and in the future, it is a critical period to comprehensively promote the construction of a strong country and the great cause of national rejuvenation with Chinese-style modernization, and it is urgent to reverse the situation of poor flow of urban and rural factors and break down the institutional obstacles to the two-way flow of urban and rural factors.

Keywords

Urban and Rural elements, High-quality Development, Chinese-style Modernization