Abstract

In this article, the reforms of rural institutions and agricultural products' circulation system in China and the changes in national regulation on agricultural economy in the past thirty years were reviewed. The importance of rural land tenure reform and the pursuits of a rural market economy system to the sustained growth of agriculture for 30 years in China were recognized. Entering into the new millennium, under the New Countryside Initiative, a series of favorable policies, in the areas of rural finance, education, social security, and ecological restoration, were put into force to boost rural economy toward modernization. These policies resulted in the effect of abundant supply of agricultural products, improved rural livelihood, reduced farmer fiscal burden, rising farmer income, and increased capacity for multidimensional development in rural area. This article analyzed the issues of “San Nong” and stipulated that future policy will focus on supporting agriculture production, increasing investment in rural infrastructure, as well as enhancing coordination between urban and rural development goals.

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