Loubere, N and Zhang, HX (2015) Co-operative financial institutions and local development in China. Journal of Co-operative Organization and Management, 3 (1). 32 - 39. ISSN 2213-297X
Abstract
In recent decades the Chinese financial system has undergone dramatic restructuring, which has substantially altered the country's mutual and co-operative financial institutions. This paper aims to contribute to our understanding of the process, practice and consequences of these developments by systematically charting the trajectory and dynamics of the co-operative financial landscape in China, and by analysing the role that these financial institutions have played in China's socioeconomic change. It is argued that China's financial co-operatives have been de-localised through processes of consolidation and centralisation. They have also been increasingly commercialised within a system based on 'market logic', which has changed their developmental role in the Chinese economy. At the same time, however, recent policy has sought to reinstitute locally-focused financial and farmer co-operatives in rural areas. Moreover, local informal and semi-formal modes of co-operative organisation and action have continued to be widespread across the country.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | (c) 2015, Elsevier Ltd. All rights reserved. This is an author produced version of a paper published in Journal of Co-operative Organization and Management. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | China; Co-operative finance; Credit co-operatives; Neoliberalism; Commercialisation; De-localisation |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Arts, Humanities and Cultures (Leeds) > School of Languages Cultures & Societies (Leeds) > East Asian Studies (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 29 Jul 2015 13:54 |
Last Modified: | 26 Apr 2016 05:05 |
Published Version: | http://dx.doi.org/10.1016/j.jcom.2015.03.001 |
Status: | Published |
Publisher: | Elsevier |
Identification Number: | 10.1016/j.jcom.2015.03.001 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:87275 |