The serious implications of privatizing state-owned enterprises for politicians, managers, and investors make such … requirements in China. This paper finds that Chinese cities whose top officials were older than age 58 were 20 percent less likely …-varying selectivity of privatizations and highlight the crucial role that state-owned enterprise privatizations played in China's economic …

Performance contracts (PCs) - contracts signed between the government and state enterprise managers - have been used … widely in developing countries. China's experience with such contracts was one of the largest experiments with contracting in …. On average, PCs did not improve performance and may have made it worse. But China's PCs were not uniformly bad; in fact …

Despite an emerging literature on political determinants of economic performance in China, little is known about …