Question

The Co-operative movement in China was started in which of the following area?

• A. Industrial Co-operatives
• B. Farming Co-operatives
• C. Consumer Co-operatives
• D. Credit Co-operatives

Answer 1

Answer:

D. Credit Co-operatives

The cooperative movement in China began in 1912, with the first cooperatives appearing in that year. The first cooperative bank was founded in 1923 in Hebei Province. 

The cooperative movement in China has had periods of upheavals and revivals over its 100-year history. The three main sectors where cooperatives were popular were agriculture, handicrafts, and rural credit. 

Some key figures in the cooperative movement in China include:

• Xue Xianzhou

  A Chinese professor and banker who founded the Shanghai Cooperative Savings Bank in 1919. He also published a proposal in 1927 called A Plan for the Cooperativization of China.

• Chinese Industrial Cooperative Association (CICA or Indusco)

  Founded in 1938 by foreign and Chinese activists, this organization led the Chinese Industrial Cooperatives movement.

• International Committee for the Promotion of Chinese Industrial Cooperatives (ICCIC)

  Founded in 1939 in Hong Kong, this organization was the international arm of the CICA