In recent years the Chinese economy has moved away from a carbon intensive economy towards an economy that relies increasingly on renewable energy. While this has been most evident with respect to hydro development, it can also been seen in increases in energy produced by solar and wind...

The corporate tax reform in China that was implemented nationwide in 2009 was first introduced as a pilot program in 2004 in three northeastern provinces. The program consisted of two experiments – selected heavy industries received a VAT exemption and a bonus deprecation allowance while the...

Local state-owned enterprises (SOEs) in China continue to face government interference in their operations. They are influenced both by the government's "grabbing hand" and by its "helping hand." Our study examines how SOE chairmen with connections to government influence their firm’s...

The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and ultimately unsustainable. But largely unnoticed, a shift has taken place. This paper examines the changes in investment patterns since 2003 and the potential impact of industrial...