Credit and Fiscal Systems in Rural China
Credit and Fiscal Systems in Rural China
"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.
Bezorgen: Zodra beschikbaar
Prosper or Perish describes a massive ongoing problem for China's economic dvelopment: the difficulty of administering loans to Rural Credit Cooperatives in a way that assists rural households.
