Rural Household Finance in China : A Study on Peasant Household Cooperative Financial Institutions in China from the Perspective of the Household Contract System

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, there is still a long ways to go. China's central government has put forward a new concept in the rural financial system. This book analyzes the financial and rural economic reform of China. With cases from Fengyang County and Anhui Province (the birthplace of Chinese rural reform), the book looks at 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. It summarizes the reform of China's rural economics and the function of financial cooperation within this policy. [Subject: Chinese Studies, Asian Studies, Economics, Rural Studies, Sociology] 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", it is clear that there is still a long way to go.