Rural credit societies in Chongzuotian and other counties will not collapse

No. Rural Credit Cooperatives are local corporate banking financial institutions. They are only formal and legal financial institutions. They are financial institutions established with the approval of the local Banking and Insurance Regulatory Bureau. Once the Rural Credit Cooperatives in a region fail, it means that a local system has occurred. The government will never allow such a thing to happen due to financial risks. In other words, the government will rescue rural credit cooperatives when they are in danger.