Financial Support For County Economy Development

The county economy is the foundation of our economy, the nation economy can not get development without the support of the county economy. By the end of 2013, the county administrative region amounted to 8.806 million square kilometers, accounting for 91.72% of the total land areas; the total population of the country amounted to 913 million people, accounting for 68.1% of the country’s total population. Since 1978, China’s economy has made a leap of development, the medium-sized cities have formed their own sound economic system, but the county’s economy development has been stalled, the gap between county economy and urban economy is increasing quickly. Financial plays an important role in the market economy, county economy development depends on the action of the financial organizations on the rational allocation of resources, while expanding the scale of financial organizations rely on the county’s economy development. They influence each other, and common development.This paper investigates the status of the financial support in Zhengding County economic development and the problem of the financial support in the county’s development, such as financial institution system is not perfect, inadequate financial institution credit, financial institutions supporting policies incomplete, social credit system is imperfect. Then we learn from the experience of Germany, Japan and India. In order to increase the financial support for the county’s economy development,, this paper gives recommendation about improving the county financial institutions, promoting financial sector reform and the construction of social credit system.