An analysis of the financing of China's rural enterprises over the past two decades. Dicusses key aspects of rural enterprise development in China, including the role of state policy, rural financial institutions and local government.

Introduction; The Paradox of Financing Rural Enterprises; Industrial Growth and the Pattern of Financing; Financial Management of Rural Industries; The Financial Management of Rural Financial Institutions; Local State Capacity and Community Risk-Sharing; Conclusions;

Dr Jun Li is Research Fellow in the Enterprise Research and Development Centre of the Business School at the University of Central England in Birmingham. His research interests include entrepreneurship in China, technology and innovation management, management of IT-based small businesses