Abstract:

The country cooperation enterprise in China in the first half 20^th century was basically implemented by governmental force with the capital imbursement from bank.Due to the absence of the background of accepting the Western European style of economic system of cooperation, the capital structure of Chinese cooperation was in an unbalanced state.Consequently, the cooperativer turned out to be the agent of bank capital in the countryside, a political organization which controlled the rural area, managed economy and integrated ideology on behalf of government, and "the new group usurer"controlled by the country authoritative groups.All these contradicted not only the principle of "managing together"and "seeking collective interest", but also the spirit of helping the poor and the unprivileged.The deterioration of country cooperation reflected the bad social system of rural China, the stagnation of agriculture and the week governance at the grassroots level.

Key words: the cooperative, capital structure, alienation