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5min chapter
A Lunar New Year Special: BYD, EVs and Chinese Capital Allocation
After Hours
Navigating State Influence in China's Capital Allocation
This chapter explores the intricacies of capital allocation in China, highlighting firms' ambivalence towards government support due to fears of state control. It argues that current economic challenges revolve around information and incentives rather than capital, suggesting a shift in the understanding of state influence in business.
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AI-powered
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode