Main Article Content
This paper uses the panel data of the rural areas of China and the United States from 2006 to 2017, and uses the Fuzzy-Set Qualitative Comparative Analysis (fsQCA) to use the economic development level as an intermediary to conduct a comparative study of the configuration results of the level of financial repression in China and the United States. Take the United States as an example to provide a reference for how to reduce financial repression in rural China. Compared with American rural areas, China’s rural areas have the "Stiglitz effect". The relatively backward financial awareness affects farmers’ endogenous demand mechanism, prompts farmers to prefer low-risk financial instruments, which leads to financial development hindered and forms the inner source of the higher level of rural financial repression. Government infrastructure investment, local economic level, and financial supply are external factors that affect the level of financial restraint in rural finance. By improving the education level of farmers, increasing government investment in rural areas, and building a rural credit system, we can effectively improve my country’s rural financial repression goals and promote the further development of urban-rural integration.