"The State Strikes Back: The End of Economic Reform in China?" examines the reassertion of state control over the Chinese economy, away from the private sector, with an additional focus on why this trend is impeding the country's potential for future economic growth"--

While it is now widely understood that China was the first globally significant economy to begin to recover from the crisis, critics nonetheless increasingly charge that the stimulus program has substantial flaws and that China's early economic recovery cannot be sustained. One prominent critic...

The banking system of the People's Republic of China (PRC) is now the largest in the world, and its capital markets are rapidly approaching the size of those in the advanced economies. This paper traces the evolution of the PRC's financial system away from a traditional bank-dominated and...