An Investigation On The Current Situation Of Private Loan In Ordos Region And Its Effect In Regional Economic Development

Private lending in China has a long history, first appeared in two or three decades after the founding. With the development of commodity economy, private lending has gradually become active again. Since the country to implement prudent monetary policy, once again set off a wave of private lending. Private loans first appeared in the Wenzhou area, but in recent years, along with changes in the international and domestic situation, caused by China’s energy demand, especially coal demand growth regression, Erdos was the rapid development of the economy in private lending also became active stand up. But did not last long, to the influence of2008by the subprime mortgage crisis led to the energy industry in Ordos City, bear the brunt of the environmental impact of the economic downturn, economic growth fall. While non-formal financial-private lending effectiveness research for local economic development, caused an uproar in the academic community, some believe that private lending for rapid economic development has played a positive role in promoting, while others believe that due to the local government for private lending control of negligence, caused a lot of social problems. When this time of a correct understanding of the effectiveness of private lending in the economic development of the region in private lending to properly handle the issue is particularly important.This paper aims to develop a comprehensive understanding of the different periods Erdos private lending in the economic development of the region in the work. We in this paper is to study whether the local folk take an active role in economic development as the key to the Ordos region, for example, from two angles analysis and validation. From a macro level, the main private lending to the extent of local economic development, with GDP as a variable, measure out in recent years, Ordos GDP level contribution. On the other hand, we passed a small loan company Erdos conducted field research. Conclusion that private lending to local economic development will have a positive role in promoting. Reflect the following two aspects, first, from the Ordos2008-2013GDP growth, the proportion of private capital investment by directly stimulating accounts for about one-third. On the other hand, through the small loan companies survey found that from2008onwards, the region’s microfinance companies accounted for nearly1/3,1/ 5,1/6,2011Erdos small scale loan lending companies accounted for also the highest proportion of the region’s history, in the current overall economic downturn, difficulties in financing small and micro enterprises, the city’s small loan company has supported the production and development of approximately3,500small and micro enterprises, individual industrial and commercial households and farm household, and to promote regional economic development, income of farmers and herdsmen has played an important role. By studying the conclusions of this paper, we propose to vigorously strengthen local government supervision of private lending, private lending to play a more effective role in the development in the region, in order to achieve the purpose of economic growth.