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 analyses 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 in China and small business finance as well as economists, policy-makers, and those engaged in business with China.
Introduction; The Paradox of Financing Rural Enterprises; Industrial Growth and the Pattern of Financing; Financial Management of Rural Industries; The Financial Management of Rural Financial Institutions; Local State Capacity and Community Risk-Sharing; Conclusions;
Dr Jun Li is Research Fellow in the Enterprise Research and Development Centre of the Business School at the University of Central England in Birmingham. His research interests include entrepreneurship in China, technology and innovation management, management of IT-based small businesses
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