Markets Over Mao: The Rise of Private Business in China

By N. Lardy. 2014

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A balancing act: Managing financial constraints and agency costs to minimize investment inefficiency in the Chinese market (2016, background): “…system documented in Borst and Lardy (2015) are likely to have played an important role in making finance more accessible, to the extent that Lardy (2014) documents a significant increase in the flow of loans to the previously financially discriminated against private sector in recent years.”
The US–China trade war and phase one agreement (2021, background): “…becoming more market oriented before President Xi Jinping came to power in 2013 and signiﬁcantly expanded the role of the state in the economy (Lardy, 2014, 2019 It would be a gross mischaracterization to suggest that China’s WTO entry in 2001 resulted in “normal” trade relations between the…”
Shadow banking in China: A primer (2015, background): “See Lardy (2014), Appendix A, particularly Table A.2.”
Does Infrastructure Investment Lead to Economic Growth or Economic Fragility? Evidence from China (2016, unknown): “Although SOEs’ share of the economy has steadily declined since 1978, even by conservative estimates, state-owned or -linked corporate entities still account for 60–80 per cent of the total outstanding debt (Lardy, 2014, pp. 99–112; Lardy, 2015; cf. Deng et al. , 2015).”