Finance in Rural China

This book explores the scholarly debates on formal and informal finance in rural China and advocates for rural financial pluralization through the Local Knowledge Paradigm. It provides an overview of rural finance development, analyzes formal and informal financial development, and discusses inclusive finance in rural China. It is a valuable resource for researchers and stakeholders in rural economy and rural finance.

Format: Paperback / softback
Length: 140 pages
Publication date: 24 March 2023
Publisher: Taylor & Francis Ltd

This comprehensive book delves into the intricate scholarly discussions surrounding formal and informal finance in rural China, offering valuable insights and filling a significant gap in the existing literature. It provides a comprehensive overview of the evolving landscape of rural finance in China, highlighting the pressing need to pursue rural financial pluralization through the Local Knowledge Paradigm. The authors delve into the intricate details of formal and informal financial development, as well as inclusive finance, including digital inclusive finance, in rural China across various dimensions. By offering a thorough examination of these aspects, the book serves as a valuable resource for researchers and enthusiasts interested in understanding the structure of the rural financial system and the operations of rural financial service providers in China. Its comprehensive nature makes it an essential reference for scholars and professionals seeking to explore the complexities of rural economy and finance.

Introduction:
The book explores the scholarly debates surrounding formal and informal finance in rural China, shedding light on the complexities and challenges faced by rural communities in accessing financial services. It provides a comprehensive overview of the development of rural finance in China, highlighting the need for rural financial pluralization to meet the diverse financial needs of rural populations.
The Necessity of Rural Financial Pluralization:
The authors argue that the traditional financial system, dominated by state-owned banks and limited by geographical constraints, has failed to effectively serve the rural sector. They propose that rural financial pluralization is essential to promote inclusive growth, reduce poverty, and improve the overall well-being of rural communities.
Formal and Informal Financial Development:
The book examines the formal and informal financial development in rural China, including the role of state-owned banks, rural credit cooperatives, and non-bank financial institutions. It explores the challenges and opportunities associated with each type of financial institution, as well as the impact of government policies and regulations on rural finance.
Inclusive Finance (including Digital Inclusive Finance):
The authors discuss the importance of inclusive finance in rural China, particularly in addressing the financial needs of marginalized and vulnerable groups. They explore the various dimensions of inclusive finance, such as microfinance, agricultural finance, and health insurance, and their potential to promote economic empowerment and social inclusion.
Conclusion:
The book concludes by emphasizing the need for continued research and policy interventions to promote rural financial pluralization and inclusive finance in China. It suggests that policymakers should prioritize the development of local financial institutions, strengthen the regulatory framework, and promote financial literacy and education to empower rural communities.

Weight: 318g
Dimension: 178 x 255 x 13 (mm)
ISBN-13: 9781032439914