ABSTRACT

“The essence of promoting an integrated urban and rural development is to break down the system of the bifurcated urban-rural structure”. The integration of urban and rural development is the fundamental way to solve the ‘several rural’ problems”. The system divides the residents of the whole country into agricultural and non-agricultural households, which generally cannot be changed once registered. Rural areas took the lead and introduced the household contract responsibility system. Compulsory education, subsistence allowance, and a new type of labor insurance system have been introduced. The system of the bifurcated urban-rural structure has undergone several reforms. China’s current financial system was gradually formed under the pattern of separate urban and rural administration. A unified urban-rural registration system was put into practice, which allowed rural and agricultural population to convert their registration and become urban residents and at the same time retain their private plots and residence bases in rural areas.