Cao, Yuanzheng; Qian, Yingyi; Weingast, Barry R. - Department of Economics, Stanford University - 1997
December 1997 <p> In 1994 China began a profound reform of its state-owned enterprises. We first describe and characterize this progress in two areas: privatization of small state-owned enterprises at the county level and mass layoffs of excess state workers at the city level. Local governments...</p>
