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Prosper or Perish – Credit and Fiscal Systems in Rural China - Cornell Scholarship Online
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Prosper or Perish: Credit and Fiscal Systems in Rural China

Lynette H. Ong


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. This book examines the bias in RCC lending patterns, focusing ... More

Keywords: rural credit, rural credit cooperatives, rural China, agricultural development, farm households, rural savings, rural development, rural governance, bailouts, banking

Bibliographic Information

Print publication date: 2012 Print ISBN-13: 9780801450624
Published to Cornell Scholarship Online: August 2016 DOI:10.7591/cornell/9780801450624.001.0001


Affiliations are at time of print publication.

Lynette H. Ong, author
Assistant Professor in the Department of Political Science and, the Munk School of Global Affairs, the University of Toronto