This book focuses on the innovative development of microfinance in China and takes Luqiao District, Taizhou as the example to sum up Chinese experiences in the local innovative development of microfinance and the application of that experience nationwide. Based on theoretical research regarding microfinance, this book analyzes the history and current situation of the development of microfinance in Luqiao District, and places emphasis on proceeding from three-pronged positioning, five characteristics and three major modes of microfinance’s innovative development in Luqiao District to explore and summarize the Luqiao story of microfinance. Subsequently, this book takes five perspectives—the innovative development of small and medium-sized banks, the innovative development of non-banking financial institutions, the roles of private capital, the policies of the local government and cooperation between the Chinese Mainland and Taiwan—to analyze the experience and paths for helping the development of small and micro enterprises. Finally, based on the conclusions of the research, this book presents some inspirations from the innovative development of microfinance in Luqiao District and future prospects. This book will interest economists, scholars of China’s economic model, and banking sector analysts.

This book portrays the middle class in contemporary China with plain language and precise professional knowledge in an all-round, broad and responsible way from the perspectives of income, property, profession, education, consumption, investment, physiological and behavioral characteristics, history and development. It gives, in a logical order, the reasons for stimulating the rise of the middle class in contemporary China. It emphatically describes what the middle class is and what the middle class in contemporary China looks like. It also analyzes whether the middle class can rise in China and sheds light on the basic thinking, medium and long-term goals, main measures and current work priorities for achieving full rise of the middle class in contemporary China. As China becomes the world's largest economy, the new middle class will be the Chinese people facing the world; as such, this book will be of interest to sociologists, sinologists, political scientists, and economists.