"China's economic development over the past four decades has been marked by several consequential policies. In the early 1990s, the Chinese state centralized its fiscal base and boosted the power of the central government; in the late 1990s, "national champions" in the state sector were...

China's energy-service companies (ESCOs) have developed only modestly despite favorable political and market conditions. We argue that with sophisticated market institutions still evolving in China, trust-based relations between ESCOs and energy customers are essential for successful...