We analyze related party transactions between Chinese publicly listed firms and their state-owned enterprise (SOEs) shareholders to examine whether companies benefit or lose from the presence of government shareholders and politically connected directors appointed by the government. We find that...

Under reasonable assumptions, China could achieve parity in living standard with Western Europe by 2100, and India by 2150. Climate change, however, may be a key obstacle preventing such a convergence. The business-as-usual (BAU) growth path of the world economy might increase concentrations of...

Contents -- Illustrations -- Foreword -- Abbreviations -- Basic Experience of China's Economic System Reform -- A History of China's Ownership Reform -- China's Rural Reform -- China's State-owned Enterprises Reform -- China's Fiscal System Reform -- China's Financial System Reform -- China's...