China's Rural Financial System: Households' Demand for Credit and Recent Reforms

ISBN-13: 9780415547932 / Angielski / Twarda / 2010 / 172 str.

Zhao Yuepeng

Opis

Rural Credit Cooperatives (RCCs), the most essential source of formal credit to rural households in China, were subject to a series of reforms from 1996 to 2003. The reforms aimed to transform Rural Credit Cooperatives into market-oriented institutions and, more importantly, help them meet the increasing demands of farmers for variant financial services in order to blend effectively into the current environment of economic transformation in rural China. Based on a micro-study of three villages with dissimilar economic characteristics in Jiangxi province of China, this book investigates the sources of finance in rural areas and the different types of credit that farmers demand. It examines the patterns of credit required by rural households and the institutions from which they obtain these loans at different stages of the agricultural process. It discusses the importance of innovative institutional arrangements in rural China and the new instruments that give farmers access to formal rural financial markets and effective utilization of credit.

Spis treści

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  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

O autorze

Yuepeng Zhao works in the Policy Research Department at the China Banking Regulatory Commission, Beijing, China. She was formerly Research Fellow at the University of Cambridge, UK.