Ample empirical evidence suggests that Rural Credit Cooperatives (RCCs), which are the core credit institutions in rural China, are not accountable to their member households. This article argues that this conundrum can be explained by an institutional analysis of the credit cooperatives using...

In October 2003, the OECD, together with the Chinese Government, invited industry experts to take stock of the achievements China has made in agricultural finance and credit infrastructure, and discuss future challenges in this area. Chinese policy makers and experts, representatives from the...