rural growth

Roots Of China’s Miracle – Yasheng Huang (Ȫщ∫öÁîü)

From Financial Times: In designing his economic policy programme for the next five years, President Hu Jintao is well advised to seek counsel from someone virtually unknown to those Chinese who came of age in the 1990s. He is Wan Li, 91 years old and still intellectually alert. Mr Wan was a special guest at […]

Nobel Laureate Proposes Loans to Rural China – Victoria Shannon

From International Herald Tribune via Chinadaily: Muhammad Yunus, the Nobel Peace Prize laureate, said Sunday that he was working with the Chinese government to bring his Grameen Bank lending system to rural China within a year. Yunus, at a news conference at the opening of the ITU Telecom World gathering, being held for the first […]

Rural China badly needs bank loans, regulator says – People’s Daily

From the People’s Daily (link) A senior Chinese banking official has said there remains huge potential for banks to finance rural development, as agricultural-related loans amounted to less than one-fifth of all lending by 2005. China Banking Regulatory Commission Vice Chairman Tang Shuangning told a financial reform forum in Beijing recently that the development of […]

ADB calls on China to raise rural spending – Richard McGregor

From the Financial Times (link) China could provide its poorest citizens in rural areas with basic healthcare, free education and a minimum living standard for a relatively modest fiscal outlay, according to the head of the Asian Development Bank. Haruhiko Kuroda, the chairman of the Manila-based body, said Rmb100bn ($12.5bn, ‚Ǩ10.2bn, ¬£7bn) a year could […]

Bitter harvest for China’s rural majority – Rowan Callick

From the Australian (link) The Chinese rice paddy embodies the country’s cultural heartland, much like the bush does in Australia. But unlike Australia’s population – one of the world’s most heavily urban – two of every three Chinese still live in rural areas. The opening week of China’s annual parliamentary session has demonstrated the “fourth […]

China’s Leaders Laud the Little Village That Could – Edward Cody

From the Washington Post (link) Wu Renbao saw the future of his little village long ago, and it worked. It worked so well that Huaxi has become the richest village in China. As a result, Huaxi has been cited by Communist Party leaders as an example of what they mean when they vow to build […]

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