Are China's Financial Reforms Leaving the Poor Behind - Harvard ...

Table 2Financial Intermediation Indicators, 1994 and 19971994 1997 Annual %change1994-97N Loans/Inc.Perf./Inc.Loans/Inc.Perf./Inc.Loans/Inc.Perf./Inc.Full sample 127 0.38 0.31 0.38 0.28 0.01 -0.04ProvincesZhejiang 30 0.49 0.43 0.50 0.40 0.00 -0.03Jiangsu 45 0.27 0.21 0.26 0.19 0.01 -0.04Sichuan* 21 0.31 0.24 0.28 0.19 0.01 -0.02Shanxi* 31 0.60 0.43 0.56 0.35 0.00 -0.08IncomequartilesI 31 0.41 0.36 0.45 0.34 0.04 -0.01II 34 0.31 0.25 0.31 0.26 -0.01 -0.02III 31 0.40 0.31 0.35 0.24 -0.03 -0.09IV 31 0.43 0.30 0.40 0.23 -0.02 -0.13Bank typeABC 48 0.35 0.29 0.40 0.31 0.05 0.01RCC 79 0.40 0.33 0.37 0.27 -0.02 -0.07Note: All values are in 1994 yuan, deflated by using provincial consumer price indices.Means for per capita variables are weighted by township population. Means forloans/income and performing loans/income are weighted by total income (income percapita x population).*In 1998, loans p.c., performing loans p.c., and deposits p.c. were 467, 339, and 870 yuanfor Sichuan, and 731, 387, and 1153 yuan for Shanxi. The ratio of loans p.c. to incomep.c. and the ratio of performing loans p.c. to income p.c. was 0.27 and 0.19 for Sichuanand 0.50 and 0.27 for Shanxi.37