Rural economy needs new impetus

Low returns from agriculture slowed growth of land transfers, report says

The country needs to deepen reforms in rural areas to bring fresh impetus to the rural economy, which has seen growth rates slow, experts said after the Chinese Academy of Social Sciences published a report on Friday on China's rural development.

There has been a slowdown in farmers' income growth with the increase of agricultural costs, the decrease of job opportunities for migrant workers and the slowdown in the growth rate of land rights transfers, which hinders economies of scale, according to the report.