OECD's Subsidy-Centric Narrative of China’s Emerging Industries Is Increasingly Flawed and Outdated: CF40 research (opens in new tab)  💰finance  Content type: News

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