Today, I mark my one hundred and fiftieth Red Notes column. As I started writing…
How Large is China’s Private Sector? C.P. Chandrasekhar
While the significance of the large and rising share of private business in China’s non-farm business sector cannot be undermined, the evidence does underestimate the role of the state in the economy, which continues to dominate strategic economic areas and aggregate fixed capital formation.
China_Private_Sector (Download the full text in PDF format)