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Rural Cooperatives In China

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Chapter Summary

The high rates of interest in rural districts are caused by the insufficient supply of capital. Capital could be attracted to rural districts if the farmer's credit could be improved. The organization of rural cooperative societies is the best and most practical way of meeting the situation. The cooperative idea is not new to the rural districts of that country. Farmers have for a long time had simple forms of mutual help groups to aid them in times of special stringency, and while beyond these times of peculiar need the group has not functioned, still, the idea of banding together to help themselves has been one to which they are accustomed. The purpose of the society is not complete, however, with the lending of money. It should study the special need of the village community and discover what particular thing would advance most materially the prosperity of the farmers.

Keywords: capital; farmer; rural cooperative societies; village community



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