Current Conditions of Rural Credit in China
Although this book explores major developments in the provision of agricultural credit in China during the Republican era between 1912 and 1949 it is important to understand agricultural credit and institutions in the post-1978 modern era. To provide context, this chapter overviews developments in agricultural credit from 1978 to the present. We start at 1978 and discuss the reforms through 2003. In 2003 rural credit reforms took on a sense of urgency and by 2006 it was the number one policy objective of the Chinese government. We then provide an overview of credit conditions by reviewing some of our own field research and surveys in China, starting around 2007.