Chinese Economy

Author: Client Uploads

April 15th, 2021

answer two questions: (half page is enough of each) 1. The emergence of township village enterprises is a unique phenomenon in China compared to developing countries. Why were collectively owned TVEs a success in China? Explain this in terms of initial conditions but also in terms of benefits of TVEs for local authorities and entrepreneurs as well as benefits from the collaboration. 2. Why is it important to distinguish between the stock and the flow of non performing loans? How does one usually deal with the stock problem? How does one usually deal with the flow problem? How has China dealt with both problems?

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Chinese Economy

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