After a decades-long infrastructure spending spree, many of China’s local governments now find themselves saddled with unsustainable levels of debt and a surplus of vastly ambitious but often underutilized infrastructure...
Joe Zhang, the author of “Party Man, Company Man: Is China’s State Capitalism Doomed?” and a...
Naomi Ng reports for CNN that farmers from Jianshe Village in Southwest China have...
The New York Times’ Edward Wong reports that rural areas of China have become prime...
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 […]
From Carnegie Endowment for International Peace: Right from the start of China’s reforms in 1978, its economy has progressed in cycles of first fast-growth and then slow-growth phases. From 2001 through this current writing, China has been in the fast phase of its fifth cycle, the longest of all the fast phases so far. Despite […]
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 […]
In this edition of CDT ChinaCast’s Foreign Correspondents Series, seven-year China veteran Mary Kay Magistad of Public Radio International in Beijing talks about rural challenges such as health care and a lack of...
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 […]
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 […]
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 […]
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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