... managers and were able to direct their lending towards the financing of TVEs (Li, 2002). © Emerald Group Publishing Limited 2006 Agriculture Social economics Economic reform China Interest in cooperative enterprise, as well as in the wider concept of social economy, is experiencing...

..., and the government ought to take on the historical responsibility. Second, the government has improved its ability, through resource accumulation in economic reforms, to release SOSMEs from liabilities. Third, the choice that converts the claims of creditors into shareholding is a demand to safeguard the creditor's...