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On Relationship between Chinese Rural Formal Finance and Rural Economic Growth
Rao Long-xia
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Abstract
Now there is no long-term stable equilibrium relationship between Chinese rural formal finance and rural economic growth.The development of Chinese rural formal finance is far from the need of rural economic growth.However,owing to ignoring informal fi-nancial factors,this idea does not show that financial development theory is not suitable for rural economic growth;on the contrary,it shows the positive role of rural informal finance,which is noticeable point in future rural financial reform.