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Finance and Development: Financing Township and Village Enterprises in the People's Republic of China

dc.contributor.authorChen Jianbo
dc.description.abstractSince 1978, People’s Republic of China (PRC) has experienced rapid economic growth and rapid institutional change at the same time. The market-oriented reform and transition ongoing in PRC’s financial sector is the crucial and core content of the institutional change that will decide whether PRC can keep rapid economic growth over the long term. In PRC’s case, not only has the financial sector expanded rapidly, its institutional structure has changed very fast (through deregulation and liberalization). The development of Township and Village Enterprises1 (henceforth TVEs) is one of the most important parts of PRC’s economic miracle. Before the mid-1990s, the TVE sector played the role of growth “engine” for national economic development. At their peak they contributed about one third of GDP and more than 50% of industrial value added. In recent years, the academic literature has mainly focused on why the TVE sector could sustain rapid growth under collective ownership in a central planning economic system.2 There is little literature on in the relationship between TVE growth and the accessibility of financial resources during their rapid development and transition of the financial sector.
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.titleFinance and Development: Financing Township and Village Enterprises in the People's Republic of China
dc.typeWorking Papers
dc.subject.expertTourism Development
dc.subject.expertDevelopment Strategies
dc.subject.expertEconomic Trends
dc.subject.expertEconomic Impact
dc.subject.expertEconomic Incentives
dc.subject.adbTourism policy
dc.subject.adbDevelopment strategy
dc.subject.adbDevelopment potential
dc.subject.adbEconomic evaluation
dc.subject.adbEconomic growth
dc.subject.adbGrowth potential
dc.subject.naturalReal estate development
dc.subject.naturalCentral planning
dc.subject.naturalCity planning
dc.subject.naturalCivic improvement
dc.subject.naturalUrban renewal
dc.subject.naturalUrban beautification
dc.subject.naturalUrban transportation
dc.title.seriesADBI Working Paper Series
dc.contributor.imprintAsian Development Bank
oar.adminregionEast Asia Region
oar.countryPeople's Republic of China
oar.authorJianbo, Chen

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  • ADBI Working Papers
    The Asian Development Bank Institute (ADBI) Working Paper series is a continuation of the formerly named Discussion Paper series which began in January 2003. The numbering of the papers continued without interruption or change. ADBI was established in 1997 in Tokyo, Japan, to help build capacity, skills, and knowledge related to poverty reduction and other areas that support long-term growth and competitiveness in developing economies in Asia and the Pacific.

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