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China's Rural Financial System: Households' Demand for Credit and Recent Reforms

China's Rural Financial System: Households' Demand for Credit and Recent Reforms

Paperback

Series: Routledge Studies on the Chinese Economy

EconomicsInvesting & Finance

ISBN10: 1138970476
ISBN13: 9781138970472
Publisher: Routledge
Published: Jan 21 2016
Pages: 192
Weight: 0.61
Height: 0.41 Width: 6.14 Depth: 9.21
Language: English

This book examines the credit needs and the borrowing behaviour of rural households in China in recent years. Based on a micro-study of three villages 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 demand. 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 are necessary for this to be achieved.

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