By preventing large-scale unemployment during China's economic transition, state-owned enterprises (SOEs) helped … supported non-state sectors. Since these two effects offset each other, the contribution of SOEs to economic growth in China …

investment transactions. Perhaps even more striking is the speed of China’s capital market growth. It took merely three decades … for China’s capital market to advance as the world’s second most meaningful market. Chinese firms—many of which are … obstructions, China’s illiberal governance system plays an important role in promoting market regularity, providing investors with …

China's rapid economic growth since 1978 has been mainly credited to the leadership of the Communist Party of China … (CPC), especially Deng Xiaoping, in the official narratives. This article examines key events before and during China … real driving forces of China's rapid growth. The main role of Deng and the CPC leadership was permissive to the grassroots …

-owned sector of the economy (FOSE), a best-performing sector in China's non-state-owned economy, has been decreasing since 2003 in …

of China. In this paper we estimate the effect of deep reform (the right to hire and fire labour, buy and sell capital …

Subordination of business to political influence has remains pervasive in China. We construct a Schumpeterian …, and total factor productivity (TFP) using firm-level data for China between 1998 and 2007. We find, consistent with the …

We study the reform of China’s state-owned enterprises (SOE) with a focus on the corporatization of SOEs. We first …