Book

Prosper or perish : credit and fiscal systems in rural China

Ong, Lynette H

Overview

\"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.

• Publisher: Cornell University Press
• Subject: Rural credit China. / Rural development China. / Banks and banking, Cooperative China. / Local finance China. / Central-local government relations China.
• ISBN: 9780801450624, 0801450624

Item info:

1 item available

1 item total in all locations

Holdings :

Call Number	Copies	Material	Location
HG2051.C6 O54 2012	1	BOOK	AUTOSTORE