Financing China’s Rural Enterprises

Rural enterprises have played an important role in the extraordinary success of China’s economy over the last two decades. They have greatly increased off-farm employment in rural areas and have brought substantially increased incomes and standards of living to many rural people. Jun Li analyzes the role of state policy, financial institutions and local government in the growth of these successful small- and medium-sized enterprises from a business finance perspective. Financing China’s Rural Enterprises is an important contribution to ongoing debates in the study of contemporary China’s financial development. It will be of interest to academics studying reform and small business finance as well as economists, policy makers, and those engaged in business with China.