Based on a survey that we designed and that covers a stratified random sample of 12,400 firms in 120 cities in China … systematic comparison of investment efficiency among wholly and partially state-owned, wholly and partially foreign-owned, and … regions and sectors. By our calculation, if China succeeds in allocating its capital more efficiently, it could reduce its …

"This paper studies dynamic labor demand for private and state-controlled manufacturing plants in China. A goal of the …