Initially, the global financial crisis caused a surge of financial inflows to China, raising investment, but this abated in 2008, leaving a substantial contraction in export demand. The government’s key response was to commit to an unprecedented fiscal expansion. Two oftignored consequences...

Concepts of Specialized Farmers Cooperative (cooperative) and Peasants' Specialized Cooperative Economic Organization (Specialized Cooperative Organization) are introduced. Specialized Cooperative Organization having no independent status of legal person is taken as the reference object when...