Prosper or Perish : Credit and Fiscal Systems in Rural China /

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"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...

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Bibliographic Details
Main Author: Ong, Lynette H. (Author)
Format: Electronic eBook
Language:Inglés
Published: Ithaca : Cornell University Press, 2012.
Series:Book collections on Project MUSE.
Subjects:
Rural development.
Rural credit.
Local finance.
Central-local government relations.
Banks and banking, Cooperative.
BUSINESS & ECONOMICS > Finance.
BUSINESS & ECONOMICS > Development > Economic Development.
Relations gouvernement central-collectivites locales > Chine.
Finances locales > Chine.
Banques cooperatives > Chine.
Developpement rural > Chine.
Credit rural > Chine.
Central-local government relations > China.
Local finance > China.
Banks and banking, Cooperative > China.
Rural development > China.
Rural credit > China.
China.
Electronic books.
Online Access:Texto completo
Description
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.
Physical Description:1 online resource (224 pages).
ISBN:9780801465956

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