Jump to ContentJump to Main Navigation
Prosper or PerishCredit and Fiscal Systems in Rural China$
Users without a subscription are not able to see the full content.

Lynette H. Ong

Print publication date: 2012

Print ISBN-13: 9780801450624

Published to Cornell Scholarship Online: August 2016

DOI: 10.7591/cornell/9780801450624.001.0001

Show Summary Details
Page of

PRINTED FROM Cornell University Press SCHOLARSHIP ONLINE (www.cornell.universitypressscholarship.com). (c) Copyright University of Cornell University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in Cornell for personal use. date: 28 June 2022

Local Governments, Rural Credit, and Regional Development in China

Local Governments, Rural Credit, and Regional Development in China

Chapter:
(p.3) 1 Local Governments, Rural Credit, and Regional Development in China
Source:
Prosper or Perish
Author(s):

Lynette H. Ong

Publisher:
Cornell University Press
DOI:10.7591/cornell/9780801450624.003.0001

This book examines the bias in lending toward local government-related enterprises in rural China. It investigates why the mobilization of rural savings has contributed to successful industrial development in some locales but not in others. Focusing on rural credit cooperatives (RCCs), the official banking institutions for rural China, the book looks at the role of local governments in regional development. More specificially, it explains how a highly decentralized fiscal structure led to disparate fiscal capacity of subnational governments, which in turn contributed largely huge variations in social spending and uneven regional development. It also analyzes two critical questions at the nexus of China's politics, finance, and development: first, why RCC loans have been allocated consistently to local government enterprises and projects; second,what is the local variation in industrialization outcome from savings mobilizations.

Keywords:   bias, lending, China, rural savings, industrial development, rural credit cooperatives, banking, local governments, regional development, social spending

Cornell Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.