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OECD's Subsidy-Centric Narrative of China’s Emerging Industries Is Increasingly Flawed and Outdated: CF40 research
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OECD's Subsidy-Centric Narrative of China’s Emerging Industries Is Increasingly Flawed and Outdated: CF40 research
Zhu He & Guo Kai examine more than 5,300 A-share companies and argue that China’s new economy is increasingly driven by internal cash flow, equity financing, and profitability rather than cheap credit
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