China's Rural Financial System

Households' Demand for Credit and Recent Reforms

Business & Finance, Economics, Microeconomics, Economic Development, Nonfiction, Social & Cultural Studies, Social Science, Cultural Studies, Ethnic Studies
Cover of the book China's Rural Financial System by Yuepeng Zhao, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Yuepeng Zhao ISBN: 9781136929915
Publisher: Taylor and Francis Publication: October 4, 2010
Imprint: Routledge Language: English
Author: Yuepeng Zhao
ISBN: 9781136929915
Publisher: Taylor and Francis
Publication: October 4, 2010
Imprint: Routledge
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Taylor and Francis

Cover of the book An Introduction to Health Information Technology in LTPAC Settings by Yuepeng Zhao
Cover of the book Reading with Allah by Yuepeng Zhao
Cover of the book Female Embodiment and Subjectivity in the Modernist Novel by Yuepeng Zhao
Cover of the book Writings on Medicine by Yuepeng Zhao
Cover of the book The Women of Pliny's Letters by Yuepeng Zhao
Cover of the book Imagined Communities and Educational Possibilities by Yuepeng Zhao
Cover of the book Pragmatism, Kant, and Transcendental Philosophy by Yuepeng Zhao
Cover of the book Changing God's Law by Yuepeng Zhao
Cover of the book Transculturalism and Business in the BRIC States by Yuepeng Zhao
Cover of the book Voice Terminal Echo (Routledge Revivals) by Yuepeng Zhao
Cover of the book De-Scribing Empire by Yuepeng Zhao
Cover of the book Negotiation Basics for Cultural Resource Managers by Yuepeng Zhao
Cover of the book Gender, Ethnicity and Political Ideologies by Yuepeng Zhao
Cover of the book Dramatherapy and Autism by Yuepeng Zhao
Cover of the book Blue Space, Health and Wellbeing by Yuepeng Zhao
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy