A Study On The Rural Debt In China

As we all know, the rural debt has already become an important factor that restricts the development of rural economy in China. Whether the rural debt problem can be solved promptly or not will directly affects the development of agriculture, the increase of farmers' income and the stabilization of the rural areas. Furthermore, it will also influence the reform and modernization of Chinese economy. Focusing on the rural debt in China, this dissertation tries to discuss its changing regularity after 1978 by combining theories with practices. Its main content includes: the nature of rural debt, the theoretical basis of rural debt, the existing ways of rural debt forming, the base of rural debt decision-making, the confirming and weighing of the appropriate scale of rural debt, the paying-off of the rural debt, and the supervising of the rural debt. There are two purposes it tries to attain: firstly, on the study of the rural debt theory, it tries to construct a base of a theoretical system of rural debt on which the rural over-debt problem in China can be expected to be solved. Secondly, on the study of the rural debt's practice in China, it tries to probe into the law of rural debt's change, create the ways of raising rural debt for money and offers constructive ideas for eliminating and paying-off over-debt in rural China at present.The whole paper consists 7 chapters with the 1st chapter as the preface while Chapter 2 as the first part of the dissertation proper. In this part, the concept of rural debt is firstly discussed. And then the main bodies of rural debt have been discussed at full length: the governments of the rural areas, organizations of village level and rural enterprises. Thirdly, it discusses such characteristics of rural debt as complicated, periodical, extensive and sensitive. Fourthly, focusing on its great importance to the development of rural economy, an inspection of the history of rural debt is provided.The second part includes chapter 3,4,5 and 6. In chapter 3, focusing on the problems after the family construction, the dissertation analyzes the causes, channels and patterns of the formation of rural debt, and then puts forward the basic clue to reform the rural debt system in China. In chapter 4, on the view of raising the capital allocation efficiency and the foundation or condition of whether or not the country should raise debt, the paper analyzes the risk, cost, benefit and credit of the influential factors in raising rural debt. Then it presents the minimum cost of rural debt, the cost of rural debt capital and the calculating method of best capital configuration. And then by pointing out the operation problems of restraining system of rural debt, it puts forward the basic clue to set up the restraining system of rural debt in China in the end of the chapter. In chapter 5, based on the decision-making of rural debt scale, the paper analyzes the influential factors of rural debt scale and designs the index system to measure the scale of rural debt. Then inaccordance with the current situation of rural economy in China, it raises the cordon of measuring the index of rural debt scale. Finally, by appraising the current situation of rural debt scale in China at present and puts forward the basic opinion to control the rural debt scale in China. In chapter 6, based on the rural debt situation nowadays, the paper puts forward the basic object of diminishing and paying-off the over-debt in different phrases and the basic clue to attain it.The third part, which consists of only chapter 7, mainly discusses how the government strengthens the management of rural debt and the supervision over rural debt. On the base of an analysis of the present situation of the supervising system of rural debt management in China, the paper here points out the problems existing in the system and constructs a fundamental framework of a better supervising and managing system. Through the completely theoretical and practical studying on the rural debt, the dissertation points out the current fundamen...