Chinese corporate sector, and analyze whether incoming foreign investment in China plays an important role in alleviating …In this paper, we assess the success of the ongoing financial system reforms in China by investigating the extent to … which firms are financially constrained. We focus on the role played by Foreign Direct Investment (FDI) in funding the …

In this paper, we analyze whether incoming foreign investment in China plays an important role in alleviating domestic … constrainted and whether direct foreign investment relaxes financing constraints of firms. When we split domestic firms into public … and private firms, we find that public firms' investment decisions are not sensitive to debt ratios or the cost of debt …

In this paper, we analyze whether incoming foreign investment in China plays an important role in alleviating domestic … and whether direct foreign investment relaxes financing constraints of firms. When we split domestic firms into public and … private firms, we find that public firms' investment decisions are not sensitive to debt ratios or the cost of debt. Nor is …

Since the global crisis, China's foreign trade is no longer driven by its involvement in the global supply chains (i ….e. by processing trade) but its dynamics stems from China’s own domestic demand and supply. For foreign funded enterprises …, China is less and less a production base for export and more and more a domestic market to be captured, as shown by their …

to exporters. Indeed, China’s VAT system is not neutral, in particular because the exporters may not receive complete … performance in China. Our empirical analysis relies on export volume data at the HS6 product level over the 2003-12 period. To … understand the strong resistance of China’s exports amid the global recession. …

Compared to most countries, China’s value-added tax (VAT) system is not neutral and makes it less advantageous to … been led China to be accused of providing its firms with an unfair advantage in global trade. We use city-specific export …