China Sees Demand in Rural Areas as Economic Growth Slows

China pledged further agricultural modernization, saying the nation’s countryside has “huge” investment and consumption demand that will help drive growth.

The government’s annual rural-work conference, at which Premier Li Keqiang presided, pointed to the need for infrastructure construction and public services in rural areas, the official Xinhua News Agency reported today.

“Exploring potential demand from farmers, the largest group of consumers, will improve the role of consumption,” according to a statement issued at the end of the two-day conference, as cited by Xinhua.