In the increasingly volatile global political order, national economic structures and international relations, integrated as they are, are showing concerning signs of strain. Taiwan, whose world-leading semiconductor industry is indispensable in Global Supply Chains and whose economic prosperity...

The Split-Share Structure Reform granted legitimate trading rights to the state-owned shares of listed state-owned enterprises (SOEs), opening up the gate to China's secondary privatization. The expectation of privatization quickly boosted SOE output, profits, and employment, but did not change...