The current state of Chinese privatization remains deeply flawed. While the initial deferral of state-sector privatization in favor of first creating a marketized, non-state sector was, I argue, an economically wise strategy, the government’s current lethargic response toward solving the...

Part 1: Microeconomic Environment -- Chapter 1: The Roles and Responsibilities of Local Government -- Chapter 2: Finance, Taxation and Government Behavior -- Chapter 3: Government Investment, Financing and Debt -- Chapter 4: Government and Industrialization -- Part 2: Macroeconomic Consequences...