Rural Household Finance in China
Rural Household Finance in ChinaI- A Study on Peasant Household Cooperative Financial Institutions in China from the Perspective of the Household Contract System
Author: Fan Dijun
This book analyses the financial and rural economic reform of China.
Since China started the “revolution” of the rural economy in 1978 a series of reforms has been implemented in the area of rural finance focusing on institutional changes. Looking back on these “historical changes", we can find that there is still a long way to go. China's Central Government has put forward a new concept in the rural financial system. In this book, with cases from Fengyang County and Anhui Province, the birthplace of Chinese rural reform, the author tries to study how to set up a modern rural financial system under the framework of incentive compatible mechanism theory, which was advanced by Nobel prize winners L. Hurwicz, Myeson and Maskin.
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