Fifth, we will bridge the digital divide to boost common prosperity. General Secretary Xi Jinping stressed that common prosperity is an essential requirement of socialism. The financial sector should always take meeting the people’s new aspirations for a better life as its essential purpose. Fintech is an important means to bridge the digital divide and address the unbalanced and inadequate development.
But when we look at the ratio of changes in input cost over the changes in the output price of agricultural commodities received on the basis of CACP data, it has remained flat, indicating that the gains from MSP increases have not accrued to the farm sector in full measure on account of rising costs of inputs.