"Peter Ho argues that understanding China's economy necessitates an analytical refocusing from Form to Function, detached from normative assumptions about institutional appearance and developing instead a "Credibility Thesis". In this reading, once institutions endogenously emerge and persist...

"In many cases land leases are issued by the administrative village, while the land belonged to the natural village in the past. It is like the ownership rights to land have been silently stolen from the natural village and vested in a level higher. [...] Yet, to date there are not many...