President of China Post Group Li Guohua, member of the Fourth Session of the National Committee of the 12th Chinese People's Political Consultative Conference (CPPCC), at the gathering.
President of China Post Group Li Guohua, member of the Fourth Session of the National Committee of the 12th Chinese People's Political Consultative Conference (CPPCC), proposed an improvement in financial assistance given to farmers and more recognition for the role e-commerce plays in poverty alleviation as well as rural economic growth during a panel discussion on Premier Li Kiqiang's government work report in Beijing on March 9.
Right now, financial assistance is directly distributed to rural residents, which has greatly increased enthusiasm for agricultural affairs. However, financial institutes are suggested to take part in the distribution of such assistance while new preferential policies reward them for their contribution to social and economic growth in rural China, Li said, adding that his proposal is aimed to further emphasize the principles of efficiency and precision in targeted poverty relief.
A majority of economically underdeveloped regions in China are located in far-off mountain areas. The main reason that leads to their economic situation is not the absence of natural resources but their ineffective utilization. The lack of convenient transportation and sound information has inhibited the expansion of market share. However, the rise of e-commerce and fast development of the logistics industry in recent years have come to their rescue. Therefore, relevant governmental departments are expected to include development of e-commerce and logistics into their work on poverty relief, it was noted.