Prosper or perish : credit and fiscal systems in rural China / Lynette H. Ong.
Material type: TextPublication details: Ithaca : Cornell University Press, (c)2012.Description: 1 online resourceContent type:- text
- computer
- online resource
- 9780801465512
- 9780801465956
- HG2051 .P767 2012
- COPYRIGHT NOT covered - Click this link to request copyright permission: https://lib.ciu.edu/copyright-request-form
Item type | Current library | Collection | Call number | URL | Status | Date due | Barcode | |
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Online Book (LOGIN USING YOUR MY CIU LOGIN AND PASSWORD) | G. Allen Fleece Library ONLINE | Non-fiction | HG2051.6 (Browse shelf(Opens below)) | Link to resource | Available | ocn809834617 |
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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.
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