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The Chinese economy has undergone three major phases: the 1978-97 period marked as the SOE-led economy, the 1998-2015 phase as the investment-driven economy, and the new normal economy since 2016. All three economies have been shaped by the government financial policies, defined as a set of...
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The existence of a large number of state-owned enterprises (SOEs) in China and government subsidies to them has caused much concern among its trading partners. The Protocol on the Accession of China to the World Trade Organization (WTO) sets out certain provisions directly or indirectly...
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. More competition-friendly regulations, as measured by the OECDs' Product Market Regulation (PMR) indicator improve economic … businesses boost the capital stock and the employment rate. No robust link between labour market regulation and MFP and capital … deepening could be established. But looser labour market regulation is found to go hand in hand with higher employment rates …
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