The Chinese government will pilot social capital by investing in the key industries of rural areas.

The National Development and Reform Commission recently published guidelines for the support of agriculture and rural economic development in 2007.

The guidelines summarize Chinese policies concerning the support of agriculture and rural economic development, along with the direction of capital flow in 2007.

The guidelines state that China will increase its investment in fixed assets, living standards and production conditions in rural areas, as well as more investment being put into western development.

It also pointed out that China will renovate on multiple fronts in support of agricultural and rural construction, absorbing more bank, industrial and social capital in its rural construction.

(CRIENGLISH.com July 4, 2007)