This paper presents a synopsis of recent NBER studies of the history of corporate governance in Canada, China, France …

over a single generation. China now seems poised to follow a similar trajectory. All three cases highlight the importance …

China's markets gained 3.86% around December 4, 2012, when the Party announced anti-corruption reforms. State …

, China's stimulus boosted real GDP growth from an annualized 6.2% in the first quarter of 2009 trough to 11.9% in the first … speed and efficacy of China's stimulus derives from state control over its banking system and corporate sector. Beijing …, fueling a real estate bubble; and that China's seemingly highly effective macroeconomic stimulus package may well have induced …

In generating fast economic growth, China is also generating growing concern about its environmental record. Using 2000 …

Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist … introduces the chapters comprising the NBER volume Capitalizing China (Fan and Morck, eds. 2012), which examine China's high … consider policy alternatives the CCP might consider if its goal is China's elevation into the ranks of high income countries …

political rent seeking is substantial, firm value might rise as economy performance decays. China offers a suitable background …

Weak institutions ought to deter foreign direction investment (FDI), and mass media stories highlight China …'s institutional deficiencies, yet China is now one of the world's largest FDI destinations. This incongruity characterizes China …'s paradoxical growth. Cross-country regressions show that China's FDI inflow is not exceptionally large, given the quality of its …