An empirical analysis of the development of China’s rural market economy system

Abstract

ABSTRACT This paper presents a comprehensive study conducted from 2000 to 2021, utilizing a 14-indicator index to measure China’s rural Marketization economic development. The indicators encompass four dimensions: rural market subjects, rural market systems, rural land property rights, and government macroeconomic regulation and control. The research covers national and regional levels, providing insights into the following key findings: Firstly, China has witnessed a consistent improvement in the level of rural market economic development across national, regional, and provincial tiers. This progress can be predominantly attributed to advancements in rural land property rights, characterized by enhanced land tenure security and a significant reduction in land disputes. Secondly, Western China has maintained a synchronized development pace with central and eastern regions, resulting in relatively minor developmental disparities. Nevertheless, the progression of rural market subjects in western China remains a limiting factor in further enhancing rural market economic development. Simultaneously, government macroeconomic regulation and control act as a constraining element in driving nationwide rural market economic development. Given the persistent imbalance in regional development, concerted efforts should be made to gradually narrow the developmental gap among the western, central, and eastern regions at both the rural market entity and government macro-control levels.