Book of Donmon Teith

Corporate credit growth in China has been excessive in recent years. This credit boom is related to the large increase in investment after the Global Financial

Nonviable “zombie” firms have become a key concern in China. Using novel firm-level industrial survey data, this paper illustrates the central role of zombi

The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many

China has achieved alarming success in accelerating the economic growth rate since it started economic reform about 16 years ago.However, its state sector is st

This fascinating study uses qualitative and quantitative data and insights from interviews with judges, lawyers, government officials, entrepreneurs, bankers, c