Based on a macro-model in terms of China's rural financial growth and rural economic growth,this paper aims to identify the real relationships between the rural finance and the rural economy in China.Using annual national time-series data,the results of Co-integration Tests,Granger Causality Tests and VAR analysis indicate that the rural finance controlled by the government has definitely negative effects on the rural economy.Finally,some policy suggestions are given to promote the relationships of the rural finance and the rural economy of China.