Prosper or perish : credit and fiscal systems in rural China / Lynette Ong.

Format:

Book

Author/Creator:

Ong, Lynette H.

Language:

English

Subjects (All):

Rural credit--China.

Rural credit.

Rural development--China.

Rural development.

Banks and banking, Cooperative.

China.

Banks and banking, Cooperative--China.

Local finance--China.

Local finance.

Central-local government relations--China.

Central-local government relations.

Physical Description:

xviii, 212 pages : illustrations ; 24 cm

Place of Publication:

Ithaca : Cornell University Press, 2012.

Summary:

"The official banking institutions for rural China are Rural Credit Cooperatives (RCCs). Although these co-ops are mandated to support agricultural development among farm households, since 1980 half of RCC loans have gone to small and medium-sized industrial enterprises located in, and managed by, townships and villages. These township and village enterprises have experienced highly uneven levels of success, and by the end of the 1990s, half of all RCC loans were in or close to default, forcing China's central bank to bail out RCCs. In Prosper or Perish, Lynette H. Ong examines the bias in RCC lending patterns, focusing on why the mobilization of rural savings has contributed to successful industrial development in some locales but not in others"--Publisher's Web site.

Contents:

Local governments, rural credit and regional development in China

The rural financial system and rural development in China

The design of China's rural credit institutions

The implications of cadre evaluation and fiscal system for local government behavior

Diverging pathways to prosperity: privately led vs. local government-led industrialization

The Local government-led path to rural decay.

Notes:

Includes bibliographical references and index.

ISBN:

9780801450624

0801450624

OCLC:

785081523