Gao, Shumei; Schaffer, Mark E.; Gao, Shumei; Schaffer, … - William Davidson Institute, University of Michigan - 1998
constraints in the enterprise sector in China and the transition countries of Central and Eastern Europe and the former Soviet … Union (CEEFSU). The paper finds that: (1) in both CEEFSU countries and China, budgetary subsidies have fallen as prices have … both CEEFSU countries and China typically impose hard budget constraints on each other; levels of trade credit in China …