[PDF] Making Rural Finance In Contemporary China eBook

Author : Leqian Yu
Publisher :
Page : 0 pages
File Size : 25,42 MB
Release : 2020
Category :
ISBN :

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Since the 2000s, the changing global financial landscape has attracted increasing attention from geographers, particularly after the 2008 financial crisis. China's rural banking sector, still a marginal site in research on the geographies of finance, is a fast-growing financial frontier. In the decade since 2008, bank credit issued to the rural sector has increased six fold to 4.6 trillion USD in 2018. The rapid expansion of this financial frontier owes much to ongoing reforms led by the Chinese state. Since 2003, the Chinese government has been initiating a series of market-based reforms aimed at building a "modern rural financial system" to better support farmers, agriculture and rural development. This dissertation explores the changes that have reshaped the banking system in rural China as a distinct case of financialization. Building on economic geography scholarship that argues the need for financialization to be understood as place-specific social processes, this research adopts a multi-scalar approach. I link a macro-level political economic analysis of China's rural financial policies with ground-level observation of financial practice. Primary research methods include ethnographically-informed research in a rural bank in Greater Chengdu Area (Sichuan Province), and textual analysis of policy documents and historical archives. The research finds that the transformation of the banking system in rural China that began in the early 2000s has an internal logic shaped by the political economic conditions of contemporary China, with traces of the ideals and practices of socialist development in China. Given such, China's rural financialization cannot be framed as following a straightforward neoliberalization process, the often-applied meta-frame for financialization. Rather than providing a local variant of neoliberal globalization, I argue that financialization in rural China needs to be understood as a localized, contextualized process - the trajectory of which is shaped by contested logics operating at multiple scales.

Author : Jun Li
Publisher : University of Hawaii Press
Page : 170 pages
File Size : 41,30 MB
Release : 2003-02-28
Category : Business & Economics
ISBN : 9780824827441

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Rural enterprises have played an important role in the extraordinary success of China’s economy over the last twenty years. This study comprehensively examines the financing of China’s rural enterprises over the reform period and discusses the key elements driving rural enterprise development in China, including the growth of rural enterprises and enterprise-level behavior, the role of state policy, rural financial institutions, and local government controls.

Author : Yuepeng Zhao
Publisher : Routledge
Page : 230 pages
File Size : 38,80 MB
Release : 2010-10-04
Category : Business & Economics
ISBN : 1136929916

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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.

Author : Nicholas Loubere
Publisher : Transforming Asia
Page : 0 pages
File Size : 25,39 MB
Release : 2019
Category : Business & Economics
ISBN : 9789463722513

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Key to China's plans to promote rural development is the de-marginalisation of the countryside through the incorporation of rural areas into the urban-based market-oriented financial system. For this reason, Chinese development planners have turned to microcredit -- i.e. the provision of small-scale loans to 'financially excluded' rural households -- as a means of increasing 'financial consciousness' and facilitating rural de-marginalisation. Drawing on in-depth fieldwork in rural China, this book examines the formulation, implementation and outcomes of government-run microcredit programmes in China-illuminating the diverse roles that microcredit plays in local processes of socioeconomic development and the livelihoods of local actors. It details how microcredit facilitates de-marginalisation for some, while simultaneously exacerbating the marginalisation of others; and exposes the ways in which microcredit and other top-down development strategies reflect and reinforce the contradictions and paradoxes implicit in rural China's contemporary development landscape.

Author : Norman Long
Publisher : Edward Elgar Publishing
Page : 409 pages
File Size : 50,91 MB
Release : 2010-01-01
Category : Business & Economics
ISBN : 1849806993

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Rural Transformations and Development China in Context is a thoughtful book in both senses penetrating and packed with ideas. True to its title, it takes the reader through the main socio-economic and political changes of Chinese rural society. The book brings together a selected group of authoritative, international experts on agricultural development with particular reference to China. It is a good read for everyone, and an eminently recommendable text for professionals and students interested in issues of China s rural change. Peter Ho, University of Groningen, The Netherlands This is an insightful and excellent theoretical and empirical collection about China s contemporary agrarian transformation critically studied not in isolation from either the urban sector or the broader world, but in relation to these. It is a must-read for academics and development policy practitioners who are interested in agrarian and development issues in China in particular and the world more generally. Saturnino M. Borras Jr, Saint Mary s University, Canada Bringing together contributions by some of the leading Western scholars working on paths of rural transformation with studies by their counterparts in China, this book examines the value of contemporary development theories for understanding the specificities of China s trajectory of change. It is a first-class contribution both to Modern China studies and to the renaissance of international research on agrarian change that is now going on. It deserves a wide readership. John Harriss, Simon Fraser University at Vancouver, Canada Interesting comparative perspectives are coupled to extensive on-the-ground research in this exploration of the vast changes underway in China s villages. This book by 19 specialists pushes forward our knowledge of the circumstances and challenges faced by an eighth of humankind. Jonathan Unger, Australian National University This unique book explores the varied perspectives on contemporary processes of rural transformation and policy intervention in China. The expert contributors combine a critical review of current theoretical viewpoints and global debates with a series of case studies that document the specificities of China s pathways to change. Central issues focus on the dynamics of state peasant encounters; the diversification of labour and livelihoods; out-migration and the blurring of rural and urban scenarios; the significance of issues of value and capital and their gender implications; land ownership and sustainable resource management; struggles between administrative cadres and local actors; and the dilemmas of participatory development. Rural Transformations and Development China in Context will prove a fascinating and stimulating read for academics and researchers in the areas of Asian studies, development and agriculture, and public policy.

Author : Wenrong Qian
Publisher : Springer
Page : 217 pages
File Size : 17,50 MB
Release : 2019-08-13
Category : Social Science
ISBN : 9811385912

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This book provides a broad survey of Chinese rural households at a time of rapid change in China’s rural economy, examining the dual identity of households as consumers as well as producers of goods in terms of supply and demand. Based on the results of the China Rural Household Panel Survey (CRHPS) by Zhejiang University, this book analyzes four types of economic activities of rural households in China, particularly considering changes at the micro level. It examines how households strive to maximize family efficacy through input-output production decision-making in allocating limited resources. Examining data pertaining to agricultural production, land exploitation, migration and nationalization, as well as changes in economic behavior, this book offers a snapshot of the current situation of rural households in China and suggestions to improve living standards and related policies. ​

Author : Yulu Chen
Publisher : Enrich Professional Publishing
Page : 0 pages
File Size : 35,85 MB
Release : 2013
Category : Agriculture
ISBN : 9789814332088

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China's Three Rural Issues -rural areas, agriculture, and farmers - have been the core concerns of the Chinese government in the course of socioeconomic transformation and domestic economic development. Addressing the Three Rural Issues is a crucial task for those involved in development finance. Using theoretical and empirical methods, The Development of Rural Finance in China analyzes and summarizes the features of China's rural households in the rural credit market and looks at the economic behavior of the supply and demand sides through the prisms of various frameworks: nation, society, system, and culture.

Author : Xingyuan Feng
Publisher : Taylor & Francis
Page : 221 pages
File Size : 32,38 MB
Release : 2023-03-24
Category : Business & Economics
ISBN : 1000843440

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This book offers insights into the scholarly debates on formal and informal finance in rural China and fills a gap in the existing literature. The book provides an overview of the overall development of rural finance in China and explains the necessity of embarking on the pathway toward rural financial pluralization through the "Local Knowledge Paradigm". The authors also analyze formal and informal financial development and inclusive finance (including digital inclusive finance) in rural China in various dimensions. This book aids the understanding of the structure of the rural financial system and the operations of rural financial service providers in China. It will be a useful reference for those researching and interested in rural economy and rural finance.