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Dr Enjiang Cheng
Adjunct Associate Professor
Email address:
enjiang.cheng@vu.edu.au

Qualifications
PhD (Dev Econ), Univ. of Melbourne; Grad Cert ( Micro-finance), Univ Colorado; BA (Agric Econ), Nanjing Agric University 

Professional experience
Dr Enjiang Cheng is currently Adjunct Associate Professor at VISES, where from 2014 to 2016 he was Associate Professor. He currently is Program Officer at the Ford Foundation in Beijing. He has worked in China from 2009 to 2013 first as the Chief Research Coordinator with the International Poverty Reduction in China and then as a Senior Economist for Citibank in China. He was Senior Research Fellow at the Centre for Strategic Economic Studies at Victoria University from 2000 to 2007. He was previously Research Fellow at the Chinese Economies Research Unit, Dept of Economics, University of Adelaide, as part of an ARC funded Project from 1997-99. Before this he was Post Doctoral Research Fellow at the same Centre from 1994-97 on an ACIAR Funded Project in collaboration with ANU and Chinese Ministry of Agriculture. From 1993 to 1994 he was Research Officer at the Centre for Strategic Economic Studies. In 1993 he was part-time lecturer at Deakin University.

Dr. Cheng’s main research interests are rural finance, microfinance, and finance and economic development.

Publications

Referred journal articles

Zhang, L., Hsu, S., Xu, Z. and Cheng, E. 2020, ‘Responding to financial crisis: Bank credit expansion with Chinese characteristics’, China Economic Review, vol. 61, 101233.

Zhang, L., Cheng, W., Cheng, E. and Wu, B. 2020, ‘Does land titling improve credit access? Quasi-experimental evidence from rural China’, Applied Economics, vol. 52, no. 2, pp. 227-241.

Chen, K.Z., Joshi, P.K., Cheng, E. and Birthal, P.S. 2015, ‘Innovations in financing of agri-food value chains in China and India: Lessons and policies for inclusive financing’, China Agricultural Economic Review, vol. 7, no. 4, pp. 616-640.

Grewal, B., Cheng, E. and Rasmussen, B. 2015, ‘Local government debt in China: Implications for Reform’, Public Finance and Management, vol. 15, no. 4, pp. 358-377.

Sheehan, P., Cheng, E., English, A. and Sun, F. 2014, ‘China’s response to the air pollution shock’, Nature Climate Change, vol. 4, pp. 306-309.

Cheng, E. and Ahmed, A. 2014, ‘The demand for credit, credit rationing and the role of microfinance: Evidence from poor rural counties of China’, China Agricultural Economic Review, vol. 6, no. 2, pp. 295-315.

Liu, X. and Cheng, E. 2013, ‘Agricultural chain credit: The case studies and theoretical implications’, Finance and Trade Economics, no. 9.

Ahmed, A., Cheng, E. and Messinis, G. 2011, ‘The role of exports, FDI and imports in development: Evidence from Sub-Saharan African countries’, Applied Economics, vol. 43, no. 26, pp. 3719-3731. ISSN 0003-6846.

Wu, Z. and Cheng, E. 2010, ‘Poverty alleviation in the People’s Republic of China: The implications for Sino-African cooperation in poverty reduction’, African Development Review, vol. 22, no. S1, Supplement on China Africa Economic Relations, December, pp. 629-643.

Liu, X. and Cheng, E. 2010, ‘Has micro-credit reduced credit constraint for rural households: Evidence from three NGO microfinance institutions in China’, Journal of Financial Research, December.

Cheng, E. 2010, 'A study on the administrative control over credit supply’, Financial Development Review, no. 10.

Cheng, E. 2010, ’A new avenue for poverty reduction: A review of village-based community development funds in China’s poor areas’, Financial Development Review, no. 2.

Cheng, E. 2009, ‘Poverty reduction by NGOs in China: The case of microfinance’, Chinese Rural Economy (Monthly), Supplementary Issue.

Cheng E. and Li. R. 2009, ‘Community development fund: A new vehicle for poverty alleviation in China’, Public Finance and Management, vol. 9, no. 1. ISSN: 1523-9721.

 Huang Z., Liu, X., Cheng, E. 2009, ‘An empirical explanation for the low participation in the formal financial markets by farmers in the poor areas of China’, Economic Research Journal, vol. 44, no. 492, April.

Liu, X. and Cheng, E. 2009, ‘Credit constraints for households in China’s poor rural areas: An empirical study based on the credit rationing model’, Chinese Rural Economy (Monthly), n 6, pp.37-50.

Liu, X., Huang, Z. and Cheng, E. 2009, ‘Farmers’ demand for formal credit in the poor areas: Direct identification and empirical analysis’, Journal of Financial Research, April, no. 346.

Cheng, E. and Ahmed, A. 2008, ‘Demand for credit: A determining factor for low coverage of microfinance’. China Economic Quarterly, vol. 7, no. 4, pp. 1391-1414.

Cheng, E. and Li, R. 2008, ‘Community development funds: A new vehicle for poverty alleviation in China?’, Public Finance and Management, no. 4.

Huang, Z., Lui, X. and Cheng, E. 2007, ‘The credit demand of China’s farmers: Production or consumption’, Management World, no. 3, pp. 74-80, (top Chinese journal in economics and management, ISSN 1002-5502, website: www.mwm.com.cn).

Cheng, E. 2007, 'The demand for microcredit as a determinant for microfinance outreach: evidence from China', Savings and Development, vol. 31, pp. 307-334.

Isern, J., Cheng, E. and Xu, Z. 2007, ' Supply of financial services in China: A study of financial services in China: A study of domestic money transfers ', Asian Pacific Journal of Finance and Business Review, vol. 1, no. 1.

Liu, X., Huang, Z. and Cheng, E. 2007, ‘Micro-credit changing from targeting the poor to targeting the rich, description and theoretical explanation: Based on a survey to farmers households in micro-credit projects implemented areas of three provinces’, Chinese Rural Economy (monthly), vol. 8, no. 272, pp. 23-34.

Liu Xi-chuan, Jin Ling and Cheng, E. 2006, ‘Promote rural financial reform and expand the microfinance market for the poor’, Chinese Rural Economy, series 260, no. 8, pp.74-78.

Cheng, E. with Z. Xu 2004, ‘Rate of Interest, Credit Supply and China’s Rural Development’, Savings and Development, vol. 28, no. 2, pp. 131-156.

Chu, B., Cheng, E. and Pian, Y. 2004, ‘Appraisal of reform of rural credit cooperatives in Jiangsu Province of China’, Chinese Rural Economy, no. 5, pp. 40–45.

Xu, Z. and Cheng, E. 2004, ‘Financial market, rate of interest, and china’s rural economic development’, Financial Research, December.

Cheng, E., Chu, B. and Liu, D. 2003, ‘The reform of China’s rural credit cooperatives, financial performance, subsidies and policy implementations: The case of Jiangsu’, Journal of Financial Research, vol. 3, no. 273, pp. 98-104.

Wan, G. and Cheng, E. 2001,’Effects of land fragmentation and returns to scale in the Chinese farming sector’, Applied Economics, vol. 33, pp. 183-194.

Cheng, E. with Cheng Yuk-shing 1998, ‘Banking reform and the separation of policy and commercial loans in China’, MOCT MOST: Economic Policy in Transitional Economies, Special Issue: Financial Reforms in China, vol. 8, no. 3, p. 5-21.

Cheng, E. with C. Findlay and A. Watson 1998, ‘We are not financial institutions: Financial innovation without regulation in China’s rural credit foundations’, MOCT MOST: Economic Policy in Transitional Economies, Special Issue: Financial Reforms in China, vol. 8, no. 3.

Cheng, E. 1997, ‘Market reforms andpProvision of credit for grain purchases in China’, The China Quarterly, no. 151, September, pp. 633-653.

Cheng, E. with T. Nguyen 1997, ‘Productivity gain of farmer education: Fact or fiction’, The Australian Journal of Agricultural and Resource Economics, vol. 41, no. 4, December, pp. 471-497.

Cheng, E. with T. Nguyen, and C. Findlay 1996, ‘Land fragmentation and productivity’, China Economic Review, vol. 7, no. 2, Special Issue: Agricultural Reform: Evidence from the CERU/MOA Survey, pp.169-80.

Cheng, E. 1993, ‘Housing expenditure and Chinese rural development: Preliminary results from a household survey in Jiangsu province’, Journal of International Development, vol. 5, no. 3, pp. 313-324.

Research reports

Sheehan, P., Sun, F., Parker, S., Mountain, B. and Cheng, E. 2017, The Transformation of Energy Markets: China in a Global Context, Final Report to Australia China Natural Gas Technology Partnership Fund (ACNGTPF), VISES, Melbourne, 55 pp.

Sheehan, P., Cheng, E. and Sun, F. 2016, Natural Gas and the Transformation of Energy Markets: China in a Global Context, Scoping Report to Australia China Natural Gas Technology Partnership Fund (ACNGTPF), VISES, Victoria University, Melbourne.

Cheng, E. 2016, Report on Best Practices for Sustainable Models of Pro-poor Rural Financial Services in China, APRACA RuFBeP Publication 2014-15/2, Asia-Pacific Rural and Agricultural Credit Associatioin (APRACA) and International Fund for Agricultural Development (IFAD), Bangkok.

Sheehan, P., Cheng, E. and Sun, F. 2015, China’s Response to the Air Pollution Shock: Implications for Australia’s LNG Exports, Report to the Australian Petroleum Production and Exploration Association Ltd (APPEA), VISES, Victoria University, Melbourne.

Cheng, E. 2015, Case Studies of the Community Based Funds for Poverty Reduction in Asian Countries, Background Report to the 9th ASEAN-China Forum on Social Development and Poverty Reduction, 28-30 July 2015, Vientiane, Laos.

Sheehan, P., English, A., Sun, F. and Cheng, E. 2013, The National and Regional Development of China’s Gas Market: Beyond Evolutionary Change?Report to Australia China Natural Gas Technology Partnership Fund, Centre for Strategic Economic Studies, Victoria University, December.

Sheehan, P., English, A., Grewal, B., Sweeny, K. Nielson, J., Sun, F. and Cheng, E. 2010, More Sustainable Energy Use in China: Economic Structure and the Application of New Technologies, Final Report to Department of Climate Change, CSES, Victoria University, Melbourne, June, 323 pp.

English, A., Sheehan, P., Grewal, B., Sweeny, K., Nielson, J., Sun, F. and Cheng, E. 2010, The Transition to a Low Carbon Economy: Implementation Issues and Constraints within China’s Changing Economic Structure, Report to Department of Climate Change (Canberra), CSES, Victoria University, Melbourne.

Sheehan, P., Grewal, B., Houghton, J., Jolley, A., Cheng, E., Sun, F., Nielsen, J., Zhang, B., Lang, J. and Morris, P. 2006, Building on the Western Australian Boom: The Drivers and Shapers of China’s Economic Development in the 21st Century, Final Report to the Western Australian Technology Industry Advisory Council (TIAC), Centre for Strategic Economic Studies, Victoria University, Melbourne.

Books

Xu, Z. Cheng, E., et al. 2014, Rural Financial Innovations in China, Asian Development Bank, Manila.

Xu, Z., Cheng, E. et al 2014, Access to Finance: Microfinance Innovations in the People’s Republic of China, Asian Development Bank, Manila.

Xu, Z., Cheng, E., Liu, X., Zhang, X. and Ma, J. 2014, Essays on Agricultural Cooperatives and Financing, Zhejiang University Press, Hangzhou, China.

Zhang, X., Xu, Z., Shen, M. and Cheng, E. 2010, Rural Finance in Poverty Stricken Areas in the People’s Republic of China, Asian Development Bank, Manila.

Xu, Z., Zhang, X. and Cheng, E. 2009, The Government and Market for Rural Finance in the Poor Areas of China: Our Investigation, China Financial Press, Beijing.

Cheng, E. and Xichuan Liu 2007, Rural Finance and Microfinance in China, Zhejiang University Press, Hangzhou, China.

Cheng, E. (with Xie, P., Xu, Z. and Shen, M.) 2005, Establishing a Framework for Sustainable Rural Finance – Demand and Supply Analysis in the PRC, Asia Development Bank, Manila.

Findlay, C., Watson, A., Cheng, E. and Zhu, G. (eds) 2003, Rural Finance in China, Asia Pacific Press, Canberra.

Cheng E. 2001, China: Overcoming Rural Poverty, A World Bank Country Study, The World Bank, Washington, D.C., (co-author, leading the writing on chapters in Micro-finance, Rural Finance and Enterprise Development).

Sheehan, P., Pappas, N. and Cheng, E. 1994, The Rebirth of Australian Industry: Australia Trade in Elaborately Transformed Manufactures 1979-1993, Centre for Strategic Economic Studies, Victoria University, Melbourne.

 Book chapters

Gao, M., Ao, D. and Cheng, E. 2014, ‘The current situation, problems and strategies for financing farmers’ cooperatives in China’, in E. Cheng, X. Liu and J. Zhang (eds), Essays on Agricultural Cooperatives and Finance, Zhejiang University Press, Hangzhou, China, pp. 132-152.

Zhang, L. and Cheng, E. 2014, ‘A Study on Financing Farmers’ Cooperatives in China’s Poor and Ethnic Minority Areas’, in E. Cheng, X. Liu and J. Zhang (eds), Essays on Agricultural Cooperatives and Finance, Zhejiang University Press, Hangzhou, China, pp. 37-73.

Cheng, E. 2008, ‘Micro-finance movement in China: Lessons and Initiatives for enlarged ASEAN economies’, in Tran Van Hoa and C. Harvie (eds), Regional Trade Agreements in Asia, Edward Elgar, Cheltenham.

Cheng, E. 2006, ‘A review of the microfinance movement in China’, in B. Grewal and M. Kumnick (eds), Engaging the New World: Responses to the Knowledge Economy, Melbourne University Press, Melbourne.

Cheng, E. 2005, ‘Case Study I: Yixian Rural Microfinance Program’, in Cao Zijuan (ed.), China Microcredit Development Research, pp. 198-212, China Economic Press, Beijing.

Cheng, E. 2005, ‘Case Studiy II: Tianjin Urban Microfinance Program’, in Cao Zijuan (ed.), China Microcredit Development Research, pp. 213-229, China Economic Press, Beijing.

 Cheng, E. 2004, ‘Financing Small and Micro-Enterprises in Rural Areas’, in R. Garnaut and L. Song (eds), Private Enterprises in China, RoutledgeCurzon.

Cheng, E. 2003, ‘Microfinance in rural China’, in C. Findlay, A. Watson, E. Cheng and G. Zhu (eds), Rural Financial Markets in China, Asia Pacific Press, Canberra.

Cheng, E. 2003, ‘Rural Financial Markets and Institutions: New Developments’, in R. Garnaut and L. Song (eds), China: New Engine of World Growth, Asia Pacific Press, Canberra.

Cheng, E. and Cheng, Y. 2003, ‘Banking reform and the separation of policy and commercial loans’, in C. Findlay, A. Watson, E. Cheng and G. Zhu (eds), Rural Financial Markets in China, Asia Pacific Press, Canberra.

Cheng, E., Findlay, C. and Watson, A. 2003, ‘Institutional Innovation without Regulation: The collapse of China’s Rural Credit Cooperatives and Lessons for Further Financial Reforms in China’, in C. Findlay, A. Watson, E. Cheng and G. Zhu (eds), Rural Financial Markets in China, Asia Pacific Press, Canberra.

Wan, G.H. and Cheng, E. 2000, ‘A Micro-empirical Analysis of Land Fragmentation and Scale Economies in Rural China’, in Yongzheng Yang and Weiming Tian (eds) China’s Agriculture at the Crossroads, Macmillan.

Cheng E. 1999, ‘Supply of Funds for Grain Purchases in China Since the Middle 1980s’, in C. Findlay and A. Watson (eds) Food Security and Economic Reform: The Challenges Facing China’s Grain Marketing System, Macmillan.

Cheng, E. 1999, ‘Productivity Gain from Farmer Education: Fact or Fiction?’, K. Kalirajan and Y. Wu (eds), Productivity and Growth in Chinese Agriculture, Macmillan.

Cheng E. 1998, ‘Grain Market Reform in China: Global Implications’, in C. Findlay (ed.) ACIAR Technical Report 43, Australian Center for International Agricultural Research, Canberra.

Cheng, E. 1998, ‘Credit for Poverty Alleviation and Links with Formal and Informal Financial Institutions in China: A Preliminary Study of Results from the Surveys of Five Provinces in China’, in Liu Wenpu (ed.), The Theory and Practice of Microfinance for Poverty Alleviation in Rural China, China Economic Publication House, China.

Cheng, E. with L. R. Malcolm 1994, ‘Reform of Rural Credit Co-operatives in China’, in Chinese Economy in Transition, Department of Economics and Asian Centre, University of Adelaide, Adelaide.

Cheng, E. 1989, ‘Financing the Households Sector in Rural Jiangsu Province’, in Economic Issues in China, National Centre for Development Studies, Australian National University, Canberra.

Cheng, E. 1989, ‘Financing the Households Sector in Rural Jiangsu Province’, in Economic Issues in China, National Centre for Development Studies, Australian National University, Canberra.