This note is organized as the follows. Section 1 looks at the growth of the SOE sector in the past two decades and characterizes its expansion since the global financial crisis. Section 2-4 addresses three questions: how large is China’s SOE sector in terms of its share in gross domestic product (GDP) before and after the expansion? What are the objectives that the observed SOE sector expansion appears to have served? And how was the expansion of...
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2019/11/13
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