Bajona, Claustre; Chu, Tianshu - In: Review of Economic Dynamics 13 (2010) 4, pp. 800-823
In December 2001 China became a member of the World Trade Organization (WTO). By signing the accession protocol China not only agreed to reform its trade policy but it also accepted regulations that imply reductions on government subsidies to the state-owned sector. In this paper we claim that...