Xiaoguang Yang
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Xiaoguang Yang

China Weathered the Global Recession with an Aggressive Stimulus Package. But Did It Prop Up the Wrong Firms?

A cautionary tale about the unintended consequences of credit expansion.

Researchers: Lin William Cong, Haoyu Gao, Jacopo Ponticelli and Xiaoguang Yang

August 1, 2019

Economics