Grasp the Large, Let Go of the Small: The Transformation of the State Sector in China

By Chang-tai Hsieh, Zheng Song. 2016

490 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Political Science and International Relations

View Paper: https://www.semanticscholar.org/paper/6fdc6a18d013333341ec51264d8d48e46b2a2ae8

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In Economics and Econometrics

1. Guiying Wu

In Political Science and International Relations

1. Guiying Wu

Citations in the corpus

• Capital misallocation in China: Financial frictions or policy distortions? (2018, background): “For example, it is well-known that the reform of the state-owned enterprises from late 1990s to early 2000s has followed a strategy called grasp the Large, and let go of the small (Hsieh and Song, 2014).”
• Risks in China's Financial System (2018, unknown): “…conducted under the slogan of “Grasp the Large, Let Go of the Small”— i.e., shutting down or privatizing small SOEs and corporatizing big SOEs.4 The transformation was successful to the extent that big SOEs improved their productivity relative to their private counterparts (Hsieh and Song, 2015).”