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CHAPTER 1 Rural Financial Reform History of Rural Finance in the People’s Republic of China

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Rural financial reform in the People’s Republic of China (PRC) has been slow and has lagged behind general economic reform. The reform process has occurred in five phases, beginning with the monobanking system and then moving through the resumption of rural financial institutions, the formation of the rural financial system, explorations of rural financial reform, and finally, a new round of rural financial system reform. The ultimate objective of the new round of reform is to build up a modern rural financial system.

Rural Finance in Poverty-Stricken Areas in the People's Republic of China

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