Prosper or PerishThe official banking institutions for rural China are Rural Credit Cooperatives (RCCs). Although these co ops are mandated to support agricultural development among farm households, since 1980 half of RCC loans have gone to small and medium sized industrial enterprises located in, and managed by, townships and villages. These township and village enterprises have experienced highly uneven levels of success, and by the end of the 1990s, half of all RCC
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