Issues of Expansion of China Rural Resident Consumption

• Published in: The journal of Northeast Agricultural University Vol. 20; no. 2; pp. 82 - 88
• Main Authors: Chang, Liu, Bo, Wang, Fang-yi, Jiao
• Format: Journal Article
• Language: English
• Published: Elsevier (Singapore) Pte Ltd 01.06.2013; College of Humanities and Law, Northeast Agricultural University, Harbin 150030, China%College of Economics and Management, Heilongjiang University, Harbin 150030, China
• Subjects: consumption demand; income; rural resident; 农业工程; 农业物理学; 电子技术; 科学技术; income; rural resident; consumption demand
• ISSN: 1006-8104
• DOI: 10.1016/S1006-8104(17)30025-9

The international financial crisis on our economic development resulted in the inevitable impact on Chinese economy. In order to get rid of the impact, the expansion of domestic demand has been a crucial means of steady economic growth in China. However, the farmers over seven million account for a large proportion should be the main consumers in China. On the contrary, the current lack of domestic demand in China, which is mainly in rural consumption, is the lack of the critical issues of our efforts to expand domestic demand. This paper clarified the factors restricting China rural residents＇ consumption demand expansion, and on this basis explored the expansion of rural residents＇ consumption demand countermeasures. Empirical analysis was used to prove the low level of income of rural residents＇ constraints, and also to expose the fact that social security system was imperfect. Meanwhile, rural infrastructure restricted the consumption level of rural residents. The consumer market is an effective way to improve rural residents＇ consumption demand.