China undertook substantial rural financial reforms in the 1980s, including officially sanctioned rural credit foundations that operated nationwide covering 40% of townships and villages, contradicting claims that China never pursued financial reform.
factualpending
Speaker
Yasheng HuangEvidence Quote
“China in the 1980s undertook substantial rural Financial reforms officially sanctioned rather than kind of a spontaneous informal Finance one very famous institution rural credit Foundation Nationwide in operation covering 40% of the townships and Villages”
Source
Critical Issues Confronting China - Professor Yasheng Huang - November 29, 2023— Fairbank Center for Chinese Studies | Harvard UniversityCreated: 8/11/2026, 1:31:52 AM
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