scholarly journals Property Rights, Labour Markets, and Efficiency in a Transition Economy: The Case of Rural China

2003 ◽  
Author(s):  
Loren Brandt ◽  
Dwayne Benjamin
2018 ◽  
Vol 237 ◽  
pp. 131-152 ◽  
Author(s):  
Karita Kan

AbstractAs urbanization continues to fuel land and property conflicts in rural China, shareholding has been promoted as a reform in property rights that would enhance bottom-up control in the governance of collective assets. The recent proliferation of community-based shareholding companies has been credited for giving villagers new identities as shareholders, which entitle them to vote, receive their share of collective profits, and elect the managers of their wealth. This paper critically appraises these reforms and offers a contrarian perspective to singular narratives of villager empowerment. While shareholding clarifies villagers’ rights of control, income and transfer in collective property, the effective exercise of such powers is often forestalled on the ground by the concentration of power in elite hands. To the extent that formal and informal constraints on cadre power remain tenuous, shareholding could function as a vehicle for the powerful to appropriate collective wealth rather than as a weapon of the weak.


2011 ◽  
Vol 57 (No. 9) ◽  
pp. 449-456
Author(s):  
L. He ◽  
C.G. Turvey ◽  
D. Liao

Financial deepening has been successfully tested by many countries, which is also an optimal developing track in practice in rural China. Chinese government has implemented a variety of policies to alter the finance environment in rural areas to get to the financial deepening. These policies include making the multiform financial institutions, making a fair legal environment and clarified property rights. Based on the McKinnon-Shaw model, we test whether there exits the financial deepening in rural China to judge the policy efficiency and we find that no proof can demonstrate the financial deepening in rural China, which means policies of the financial deepening, should be improved.


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