China's rural financial system : households' demand for credit and recent reforms / Yuepeng Zhao.

Format:

Book

Author/Creator:

Zhao, Yuepeng, author.

Series:

Routledge studies on the Chinese economy ; 39.

Routledge studies on the Chinese economy ; 39

Language:

English

Subjects (All):

Agricultural credit--China--Jiangxi Sheng.

Agricultural credit.

Rural credit--China--Jiangxi Sheng.

Rural credit.

Rural development--China--Jiangxi Sheng.

Rural development.

China--Economic conditions.

China.

Physical Description:

1 online resource (192 pages) : illustrations.

Edition:

1st ed.

Place of Publication:

New York : Routledge, 2011.

Language Note:

English

Summary:

This book examines the credit needs and the borrowing behaviour of rural households in China in recent years. It is based on in-depth analysis of the status of households' indebtedness and borrowing behaviour; the performance of Rural Credit Cooperatives (RCCs), as well as resources of informal finance. Before 2006, RCCs are virtually the only source of formal credit for rural households in China and were subject to a series of reforms from 1996 to 2003. The reforms aimed to transform RCCs into market-oriented institutions and, more importantly, help them meet the increasing demands of farmers for varied financial services, and thereby contribute effectively to economic transformation in rural China. Based on a micro-study of three villages, at different stages of development with dissimilar economic characteristics in Jiangxi province, this book investigates the sources of finance, formal and informal, in rural areas and the different types of credit that farmers require. It examines the patterns of credit required by rural households at different stages of agricultural processes, and the institutions from which they obtain loans. It demonstrates the importance of innovative institutional arrangements in rural China and new instruments that give farmers access to formal rural financial markets and enable them to utilize credit effectively, concluding that further reforms to RCCs are necessary for RCCs to be truly effective.

Contents:

Cover

Title

Copyright

Contents

Tables

Figures

Plates

Foreword

Preface

Acknowledgements

Abbreviations

1 San nong problems and the challenges of the rural financial system in China

2 Literature gap and research objectives

3 Fieldwork villages, procedures and the RCCs pilot program in Jiangxi province

4 Households indebtedness and borrowing behaviour in the natural village of Yao

5 Households indebtedness and borrowing behaviour in the natural village of Wulitang

6 Households indebtedness and borrowing behaviour in the natural village of Xiaobu

7 Analytical summary of the three villages

8 Conclusion

Appendix

Notes

Bibliography

Index.

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

1-136-92991-6

1-136-92992-4

1-282-93031-1

9786612930317

0-203-84581-1

9780203845813

OCLC:

692197023