Prosper or perish : credit and fiscal systems in rural China /
Ong, Lynette H.,
Prosper or perish : credit and fiscal systems in rural China / Lynette H. Ong. - Ithaca : Cornell University Press, (c)2012. - 1 online resource
Includes bibliographies and index.
Local governments, rural credit and regional development -- The rural financial system and rural development in China -- The design of China's rural credit institutions -- The implications of cadre evaluation and fiscal system for local government behavior -- Diverging pathways to prosperity : private sector-led and local government-led industrialization -- Local government-led path to rural decay.
"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.
9780801465512 9780801465956
2019725611
Rural credit--China.
Rural development--China.
Banks and banking, Cooperative--China.
Local finance--China.
Central-local government relations--China.
Electronic Books.
HG2051 / .P767 2012
Prosper or perish : credit and fiscal systems in rural China / Lynette H. Ong. - Ithaca : Cornell University Press, (c)2012. - 1 online resource
Includes bibliographies and index.
Local governments, rural credit and regional development -- The rural financial system and rural development in China -- The design of China's rural credit institutions -- The implications of cadre evaluation and fiscal system for local government behavior -- Diverging pathways to prosperity : private sector-led and local government-led industrialization -- Local government-led path to rural decay.
"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.
9780801465512 9780801465956
2019725611
Rural credit--China.
Rural development--China.
Banks and banking, Cooperative--China.
Local finance--China.
Central-local government relations--China.
Electronic Books.
HG2051 / .P767 2012