This article examines why China does not abolish the minimum capital requirement for the limited liability companies (LLCs). By substantially reducing LLCs' minimum initial capitalisation to RMB 30,000, the revised Company Law has largely resolved the problems of discouraging entrepreneurship...

On 1 January 2006 the amended Company Law of the People's Republic of China came into effect. The Law contains many provisions on limited liability companies which are substantially different from their Hong Kong counterparts. They include: setting company policies by shareholders, inspection of...

This paper uses highly detailed, quarterly data for five major industrialized economies to estimate the impact of macroeconomic fluctuations on import protection policies over 1988:Q1 - 2010:Q4. First, estimates on a pre-Great Recession sample of data provide evidence of two key relationships....