Although Chinas rural economy has made significant progress over the last twenty-five years, rural finance and institutional reforms are still lagging behind. This publication reviews the findings of an OECD meeting held in October 2003 and organised with the Chinese Government (with participants including Chinese policy makers and industry experts, as well as representatives from the World Bank, the FAO, the European Bank for Reconstruction and Development and the Asian Development Bank). The meeting discussed options for improving the countrys rural finance and institutional framework, as well as considering the role that the Chinese government could play within the reform process.

This publication presents the proceedings of a conference that took stock of achievements China has made in agricultural finance and credit infrastructure and discussed how China could best address future challenges in this area.

In recent decades, China has undergone rapid economic growth, industrialisation and urbanisation concomitant with deep and extensive structural and social change, profoundly reshaping the country’s development landscape and urban-rural relationships. This book applies livelihoods approaches to deepen our understanding of the changes and continuities related to rural livelihoods within the wider context of political economy of development in post-socialist China, bridging the urban and rural scenarios and probing the local, national and global dynamics that have impacted on livelihood, in particular its mobility, security and sustainability. Presenting theoretically informed and empirically grounded research by leading scholars from across the world, this book offers multidisciplinary perspectives on issues central to rural livelihoods, development, welfare and well-being. It documents and analyses the processes and consequences of change, focusing on social protection of mobile livelihoods, particularly rural migrants’ citizenship rights in the city, and the environmental, social and political aspects of sustainability in the countryside. This book contributes to the current scholarly and policy debates, and is among the first attempts to critically reflect on China’s market transition and the associated pathways to change. It will be of interest to students in international development studies, China studies, social policy, public health, political science, and environmental studies at undergraduate and postgraduate levels, as well as academics, policy makers and practitioners who are concerned with China’s human and social development in general, and agriculture and rural livelihoods in particular.

This proceedings of an OECD Experts Meeting examines agricultural finance and credit infrastructure in transition economies.

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.

Thirty years have passed since the beginning of the reform era in China which saw important changes in agriculture and rural organizations, but it is clear that certain entrenched legacies from pre-reform China still linger on even after WTO accession, most importantly the key role played by state actors and politics in the development of markets in rural China. Although increasingly diversified markets have emerged for major agricultural inputs and products, their development cannot be understood without taking this role into account. Against this backdrop, the contributors to this book offer a fresh account of rural politics and markets, consciously linking these two realms and highlighting their interconnectedness. The book is organized in three parts addressing respectively markets for agricultural inputs and outputs as well as current policies in rural development. The perspectives adopted link macro- and micro-level analysis in each chapter and thus contribute substantially to our understanding of existing markets. As an original account of rural politics and markets in China this book will appeal to students and scholars of Chinese politics, economics, development studies and political economy.

This article investigates how financial development helps to reduce poverty directly through the McKinnon conduit effect and indirectly through economic growth. The results obtained with data for a sample of developing countries from 1966 through 2000 suggest that the poor benefit from the ability of the banking system to facilitate transactions and provide savings opportunities but to some extent fail to reap the benefit from greater availability of credit. Moreover, financial development is accompanied by financial instability, which is detrimental to the poor. Nevertheless, the benefits of financial development for the poor outweigh the cost.

This collection of papers presented at an international conference in 1987 provides a comprehensive analysis of China's booming rural non-state industrial sector, both collective and private.

Lack of credit access is severe in low income and poor families that are normally considered to have fewer opportunities to borrow from banks due to insufficient valuable assets for collateral. These low-income households face limited opportunity to acquire new technology and working capital for agricultural production and thus tend to fall behind. As a result, providing access to finance to low-income rural households has been considered an important component of any rural development strategy. Microfinance programmes, in particular, have been gradually embedded in national strategies of many developing countries as they are poverty-focused. They aim to facilitate the access to financial services such as credit for the poor who are usually disadvantaged in terms of access to conventional financial services from formal financial institutions. The objective of this book is to provide an overview of microfinance programmes in Asia focusing in particular on the determinants of the accessibility of rural households to microcredit. The book studies seven Asian countries such as China, Malaysia, Vietnam, Thailand, the Philippines, Indonesia, and Bangladesh with two specific case studies.

During the early 1980s China embarked on what can be seen as one of the world's largest social experiments ever. Decollectivization meant much more than the reorganization of agricultural production into family based farming. It signaled significant changes to rural social relations, when privatization, marketization and increased geographical mobility started tearing apart the economic and social institutions that had structured collective village life under Mao. The focus of this book is on how rural society has been reorganized in the 21st century. The first chapters outline the basic organizational structure of rural China and can be used as an introduction to the topic in a classroom setting. They show how the state and its social scientists draw up plans to overcome the perceived lack of rural social organization, and discuss the often problem-ridden implementation of their ideas. The second section presents case studies of institutions that organize key aspects of rural life: Boarding schools where rural children learn to accept organizational hierarchies; lineage organizations carving out new roles for themselves; "dragonhead enterprises" expected to organize agricultural production and support rural development, and several others. The book is of theoretical interest because of its focus on the re-embedding, or reintegration, of individuals into new types of collectivities, which are less predetermined by tradition and habit and more a matter of, at least perceived, individual choice. Most chapters are based on extensive fieldwork and contain vivid examples from daily life, which will make the book attractive to anyone who wants to understand how Chinese villagers experience the extraordinary social changes they are going through.