Laurent De Serres Berard
Laurent De Serres Berard’s Kindle Notes & Highlights
Capitalism with Chinese Characteristics: Entrepreneurship and the State, by Yasheng Huang

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The most plausible explanation is that Shanghai restricts its household businesses to the lowest value-added activities. It is not economics, it is policy.
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Capitalism with Chinese Characteristics: Entrepreneurship and the State
Capitalism with Chinese Characteristics: Entrepreneurship and the State
by Yasheng Huang
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