Rural financial markets are a critical aspect of the transformation from a planned economic system to a market economic system in China. As market activities are extended throughout the Chinese economy, the limitations of the traditional financial system are being exposed. Poorly functioning rural financial markets have hindered the development and reduced the efficiency of farms and rural enterprises. Rural Financial Markets in China examines the provision of savings and investment services to the rural population since ...
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Rural financial markets are a critical aspect of the transformation from a planned economic system to a market economic system in China. As market activities are extended throughout the Chinese economy, the limitations of the traditional financial system are being exposed. Poorly functioning rural financial markets have hindered the development and reduced the efficiency of farms and rural enterprises. Rural Financial Markets in China examines the provision of savings and investment services to the rural population since the reforms of the mid 1990s, and points to an urgent need to redefine the roles of rural financial institutions. Constraints on the operations of rural financial institutions and markets have hampered the development of the rural financial sector, and the rural sector more generally. Much progress - through spontaneous developments and state-led initiatives - has been made in reforming rural financial institutions, but many problems remain. Further reform is crucial i
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