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Consommation et finance dans la Chine rurale

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  • Yasheng Huang

Abstract

[fre] Cet article identifie quatre ensembles de faits économiques sur la Chine n’ayant pas été suffisamment mis en lumière par les analystes : (1) la consommation des ménages, en particulier celle des ménages en régions rurales, est restée très sensiblement en deçà du taux de croissance du PIB (même si elle n’est pas nécessairement restée en deçà de la croissance des revenus des ménages) ; (2) la Chine a bien connu un boom de la consommation, mais ce fut dans les années 1980 ; (3) la majeure partie du célèbre ralentissement de la consommation s’est produite dans les années 1990 plutôt que durant la période de la réforme générale ; (4) ce schéma de boom et de récession de la consommation a étroitement coïncidé dans le temps avec une évolution financière qui a accru, dans la Chine rurale, l’accès au crédit des ménages ruraux dans les années 1980, avant de le réduire dans les mêmes proportions dans les années 1990. L’hypothèse suggérée dans cet article est que cette évolution financière est déterminante pour comprendre la consommation chinoise. . Classification JEL : G2, E2, O1. [eng] Consumption and finance in rural China . This paper identifies four sets of economic facts about China that have not been sufficiently highlighted in the literature : (1) household consumption, especially rural household consumption, lagged GDP growth rate by a wide margin (although not necessarily lagged household income growth) ; (2) China did experience a consumption boom but in the 1980s ; (3) much of the well-known consumption slowdown occurred in the 1990s rather than during the entire reform era ; (4) this pattern of consumption boom and bust coincided closely in timing with a financial development in rural China that increased credit availability to rural households in the 1980s and restricted the same to the rural households in the 1990s. The hypothesis suggested by this paper is that financial development lies at the root of understanding China’s consumption pattern. . Classification JEL : G2, E2, O1.

Suggested Citation

  • Yasheng Huang, 2009. "Consommation et finance dans la Chine rurale," Revue d'Économie Financière, Programme National Persée, vol. 95(2), pages 123-134.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_2009_num_95_2_5348
    DOI: 10.3406/ecofi.2009.5348
    Note: DOI:10.3406/ecofi.2009.5348
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    References listed on IDEAS

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    1. Marcos D. Chamon & Eswar S. Prasad, 2010. "Why Are Saving Rates of Urban Households in China Rising?," American Economic Journal: Macroeconomics, American Economic Association, vol. 2(1), pages 93-130, January.
    2. Brandt, Loren & Li, Hongbin, 2003. "Bank discrimination in transition economies: ideology, information, or incentives?," Journal of Comparative Economics, Elsevier, vol. 31(3), pages 387-413, September.
    3. Huang,Yasheng, 2008. "Capitalism with Chinese Characteristics," Cambridge Books, Cambridge University Press, number 9780521898102.
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    More about this item

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • G2 - Financial Economics - - Financial Institutions and Services
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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