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Rural Bankruptcy In China

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Chapter Summary

The present state of rural China may be summarized in one word-bankruptcy. In the account which follows, this chapter tries to explain rural bankruptcy from two angles: through a brief survey of the manifestations of the rural crisis, and through an examination of the structural causes inherent in China's present economy which are primarily responsible for the bankruptcy. Rural taxes in China appear in many styles and disguises, but for the sake of convenience these are grouped them under three headings: land taxes, requisitions and levies and tolls. On the contrary, the reconstruction of China's rural economy out of its present hopeless disintegration is the most difficult and most complicated problem facing the National Government today. The chapter simply attempts to show the enormous scope of this key problem, its superficial manifestations and deep-seated causes, and the dire need for immediate and well-planned action.

Keywords: bankruptcy; China's present economy; land taxes; levies and tolls; requisitions; rural China; rural crisis; rural taxes



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