"We don't know why it is so contagious, so that's a big problem."
More by Zhong Nanshan
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"All the alleged key causes of SOE inefficiency—the principal-agent problem, the free-rider problem and the soft budget constraint—are, while real, not unique to state-owned enterprises. Large private-…"
"You can't guarantee things like that! After all, when we had all the books we needed, we still insisted on finding the highest cliff to jump off. But we do need a breather. We do need knowledge. And p…"
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