Capitalism with Chinese Characteristics: Entrepreneurship and the State

by Yasheng Huang

In 1985, there were more than 400,000 RCCs in the country. This number was to decline sharply in the 1990s. In 1990, there were 384,320 RCCs and 286,389 in 1992. By 2003, only 91,393 RCC branches remained.