{"id":9688,"date":"2022-03-16T07:30:26","date_gmt":"2022-03-16T07:30:26","guid":{"rendered":"https:\/\/focus.cbbc.org\/?p=9688"},"modified":"2025-04-23T09:43:02","modified_gmt":"2025-04-23T09:43:02","slug":"investment-opportunities-from-chinas-rural-revitalisation-strategy","status":"publish","type":"post","link":"https:\/\/focus.cbbc.org\/investment-opportunities-from-chinas-rural-revitalisation-strategy\/","title":{"rendered":"Investment opportunities from China\u2019s Rural Revitalisation strategy\u00a0"},"content":{"rendered":"

China\u2019s Rural Revitalisation Strategy is a core component of the government\u2019s goal to promote more balanced economic and social development. China Briefing<\/strong> looks at the key investment and business opportunities for foreign companies that are aligned with the goals of China\u2019s Rural Revitalisation programme<\/span><\/h2>\n

When China adopted market reforms and opened to the global economy in the late 1970s and 1980s, then-leader Deng Xiaoping famously said<\/span> that the Party would need to \u201clet some people get rich first.\u201d This referred not only to the east coast regions at the forefront of economic reform, but also urban areas at the expense of rural ones.<\/span><\/p>\n

Since then, many rural areas have suffered from issues like environmental degradation and brain drain, in addition to benefiting less from the fruits of China\u2019s economic reforms. Inequality between urban and rural areas is increasing, with incomes of urban residents about\u00a02.65 times higher<\/span> than the income of rural residents.<\/span><\/p>\n

In this context, the Rural Revitalisation Strategy aims to address issues such as economic and social development, poverty alleviation and environmental protection. Moreover, a<\/span>s rural revitalisation becomes increasingly important for the Chinese government, opportunities for foreign investors to participate in the policy\u2019s priority areas are also expanding.<\/span><\/p>\n

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What are the goals of China\u2019s Rural Revitalisation Strategy?<\/span><\/h4>\n

Chinese President Xi Jinping first introduced the Rural Revitalisation Strategy at the 19<\/span>th<\/span> Party Congress in 2017 to emphasise the importance of developing rural areas.\u00a0<\/span>The strategy has two long-term goals<\/span>: to achieve \u201cdecisive progress on rural revitalisation\u201d by 2035, and be \u201cfully rejuvenated with well-off farmers and strong agriculture sectors\u201d by 2050. To achieve these goals, the Rural Revitalisation Strategy emphasises policies<\/span> such as encouraging small-scale farmers to adopt modern farming practices, improving the property rights of farmers and requiring governments to repair environmental degradation.<\/span><\/p>\n

In February 2022, the State Council and the Central Committee of the Communist Party set out rural plans for the year. <\/span>This year\u2019s plan has three main themes: addressing social issues such as treatment of women<\/a> and children, ensuring food security, and avoiding backslides in poverty alleviation.\u00a0<\/span><\/p>\n

Addressing extreme poverty and income inequality<\/b><\/span><\/h5>\n

The Rural Revitalisation Strategy is closely related to the new Common Prosperity<\/a> policy<\/span>, which seeks to achieve more equitable development and provision of social goods, and the drive to eliminate extreme poverty, which Xi\u00a0said<\/span>\u00a0China accomplished in 2020.<\/span><\/p>\n

While China claims to have eliminated extreme poverty, achieving sustainable poverty alleviation remains an objective<\/span> of rural revitalisation. The Chinese government defines extreme poverty<\/span> as an income of about US$1.69 (approx \u00a31.29 per day), compared to the World Bank\u2019s standard of US$1.90 (\u00a31.45) per day. According to Premier Li Keqiang, around 600 million people in China earn<\/span> an average of RMB 1,000 (\u00a3120) per month.<\/span><\/p>\n

These figures show that, even if China has met the threshold of eliminating extreme poverty, there is a significant need to continue efforts to sustainably eradicate poverty and aid the hundreds of millions of people in China on low incomes.<\/span><\/p>\n