Jun Li - Financing Chinas Rural Enterprises

Rural enterprises have played an important role in the extraordinary success of Chinas 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 Chinas Rural Enterprises is an important contribution to ongoing debates in the study of contemporary Chinas 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.

Jun Li is Research Fellow in the Enterprise Research and Development Centre, University of Central England in Birmingham. His research interests include entrepreneurship in China, technology and innovation management.

Chinese Worlds publishes high-quality scholarship, research monographs, and source collections on Chinese history and society from 1900 to the present.

Worlds signals the ethnic, cultural and political multiformity and regional diversity of China, the cycles of unity and division through which Chinas modern history has passed, and recent research trends toward regional studies and local issues. It also signals that Chineseness is not contained within territorial borders some migrant communities overseas are also Chinese worlds. Other ethnic Chinese communities throughout the world have evolved new identities that transcend Chineseness in its established senses. They too are covered by this series. The editors see them as part of a political, economic, social and cultural continuum that spans the Chinese mainland, Taiwan, Hong Kong, Macau, South East Asia, and the world.

The focus of Chinese Worlds is on modern politics, society and history. It includes both history in its broader sweep and specialist monographs on Chinese politics, anthropology, political economy, sociology, education, and the social-science aspects of culture and religions. The series editors are Gregor Benton, Flemming Christiansen, Delia David, Terence Gomez and Frank Pieke.

Edited by Michel Hockx

Accumulation, Ascendance, Accommodation

Chinese Perspectives

Edited by Frank N. Pieke and Hein Mallee

Chinese Rural Society in the 1990s

Edited by Flemming Christiansen and Zhang Junzuo

Edited and translated by Gregor Benton

Edited by Lynn Pan

Communist Resistance along the Yangtze and the Huai, 19381941

Communism in Shanghai 19201927

Population Policy and Demographic Development

First published 2002

by RoutledgeCurzon, an imprint of Taylor & Francis

11 New Fetter Lane, London EC4P 4EE

Simultaneously published in the USA and Canada

by RoutledgeCurzon

29 West 35th Street, New York, NY 10001

This edition published in the Taylor & Francis e-Library, 2003.

2002 Jun Li

All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers.

A catalogue record for this book is available from the British Library

A catalog record for this book has been requested

ISBN 0-203-21735-7 Master e-book ISBN

ISBN 0-203-27316-8 (Adobe eReader Format)

ISBN 0-415-29682-X (Print Edition)

This book grew out of my doctoral thesis, for which I was awarded a PhD by University of Lancaster, in 2000. This project has been a long journey, from identifying the research topics, through the painful search for truth and finally to completion in this book. During this journey, I owe a great debt to my supervisors, Dr Jenny Clegg and Dr Flemming Christiansen, who have given me great support. Their close reading and encouraging suggestions have provided a most fruitful source of inspiration and have helped me carry out the various stages of the research. In particular, at each supervision meeting, Jenny always made sure I had enough hard questions to think through. I also remember at a time when progress appeared slow and frustrating, Flemming provided timely endorsement on the framework of the research and the ideas I was developing, which brought back my confidence. When I passed the viva, it was Flemming, together with Jenny, who assured me they believed the thesis was publishable as a book. Without their support and encouragement, this book would not have been possible.