The Big Call
Rural China starts to take off
- Published 01 Jul 2010
Higher migrant worker wages, a rural construction boom, a surge in land usage rights transfers and the spread of credit to rural areas are driving the transformation of fortunes in the 721m-strong rural economy.
Wu Renchao is typical of a new type of Chinese 'farmer'. The 49 year-old resident of Gangmei village, 268 miles east of Guangzhou, does not till the fields anymore. He lives in a four-storey home and spends around seven hours a day on his 10 year-old tractor, ferrying bricks and cement to local home builders. "This year is much busier than previous years," he said, as he finished a bowl of noodles before heading back to work.
Login
If you are already a subscriber, please log in below.
China Confidential Funds
China Confidential Funds, a new research service launched by FT China Confidential, is dedicated to illuminating the mainland fund industry. Our team of fund industry experts in Shanghai search out the interesting trends in fund performance, strategy, interactions with overseas funds, regulatory changes, distribution and management. We also use a proprietary system to track the emerging flows of Chinese money. Click here to find out more.
Other Articles on this Issue
-
Financial China
Mini-boom in grassroots finance
Select financial charts
Village and town banks – part of the future?
Microcredit companies find their feet
Rural community credit ratings
-
Macro View
Another big China debate
-
The Best of Chinese Commentators
A-share outlook
Exchange rate reform?
-
Funds Data
Flows to Taiwan surge
-
Consumer China
A new consumer cohort
Johnson & Johnson's Dabao – universal winner
Chongqing Chang'an Automobile
TCL Corporation - TV giant
Henan Huaying – recent listing boosts production capacity
Xtep – popular with discretionary rural consumers
Anta - growing margins
-
Capital Intensive China
Farmland sales – a quiet revolution
-
Guest Column
Growing trade ties with Latin America
- View issue
v5.0.24 running on fbweb09-uvuk-l
