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Starting in the late 1990s, China undertook a dramatic transformation of the large number of firms under state control …
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Starting in the late 1990s, China undertook a dramatic transformation of the large number of firms under state control …
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Reformers of China's state enterprises should realize that more could be realized from capital transfer than is being … enterprises in China. Their results indicate the prevalence of low and stagnant labor productivity, low capital productivity, and … excessively high wages in the state sector for the period reviewed (1994-97).The private sector exhibited consistently greater …
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