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structure with the information on the commercialization reform of state-owned banks initiated in 1994. The estimation results … growth in contemporary China. …
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, selective adaptation, and industrial upgrading. This paper attempts to distill lessons from China's reform and opening up … process, and investigate the underlying reasons behind China's success in trade expansion and economic growth. From its … beginnings with home-grown and second-best institutions, China has embarked on a long journey of reform, experimentation, and …
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