Are China’s Financial Reforms Leaving the Poor Behind?
Since economic reforms began, the Chinese state has shifted the locus of control over the allocation of resources from the fiscal to the financial ledger (Sehrt, 1999). Under the planning system, funds were mobilized by setting prices to concentrate profits in state-owned industry (Naughton, 1995)....
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| Format: | Book section |
| Language: | English |
| Published: |
Harvard University Asia Center
2004
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