the government set up to shape the business environment of private firms. Focusing on China during its crucial two decades … educated, with more diverse sectoral experiences. Market competition increased over time, especially after China's World Trade …

Weak institutions ought to deter foreign direction investment (FDI), and mass media stories highlight China …'s institutional deficiencies, yet China is now one of the world's largest FDI destinations. This incongruity characterizes China …'s paradoxical growth. Cross-country regressions show that China's FDI inflow is not exceptionally large, given the quality of its …