ANNUAL REPORT

dkrause on DSKHT7XVN1PROD with USCC
127
ENDNOTES FOR SECTION 2
1. Mark Magnier, ‘‘China GDP Sends Troubling Signal on Economic Reform,’’
Wall Street Journal, July 15, 2016; Mark Magnier, ‘‘China’s Economic Growth in
2015 Is Slowest in 25 Years,’’ Wall Street Journal, January 19, 2016.
2. Gisela Grieger, ‘‘State-Owned Enterprise (SOE) Reforms in China: A Decisive
Role for the Market at Last?’’ European Parliament Think Tank, May 31, 2016.
3. Chinese officials, meeting with Commission, Beijing, China, June 24, 2016;
Xinhua, ‘‘Chinese Leaders Emphasize Efforts to Deepen SOE Reform,’’ July 4, 2016.
4. Grace Tam, Katy Fang, and Tai Hui, ‘‘China: Reform Unlocks the Value of
State-Owned Enterprises,’’ JP Morgan Chase, March 30, 2015; China’s National Bureau
of Statistics via CEIC database.
5. Wendy Leutert, ‘‘Challenges Ahead in China’s Reform of State-Owned Enterprises,’’
Asia Policy 21 (January 2016): 86; Peter Orszag, ‘‘Private Companies Are
Driving China’s Growth,’’ Bloomberg View, October 14, 2015.
6. Scott Cendrawski, ‘‘Here’s What You May Not Know about the Chinese
Stock Market,’’ Fortune, September 2, 2015.
7. Nasdaq, ‘‘Companies in China.’’ http://www.nasdaq.com/screening/companiesby-region.aspx?region=Asia&country=China;
Paul L. Gillis, The Big Four and the
Development of the Accounting Profession in China, Emerald Group Publishing, February
21, 2014, 132.
8. U.S.-China Economic and Security Review Commission, Hearing on China’s
Shifting Economic Realities and Implications for the United States, oral testimony
of Wentong Zheng, February 24, 2016.
9. U.S.-China Economic and Security Review Commission, Hearing on China’s
Shifting Economic Realities and Implications for the United States, oral testimony
of Paul Hubbard, February 24, 2016.
10. Paul Hubbard, ‘‘Where Have China’s State Monopolies Gone?’’ East Asian
Bureau of Economic Research Working Paper, November 3, 2015, 27.
11. Paul Hubbard and Patrick Williams, ‘‘Chinese State-Owned Enterprises: An
Observer’s Guide,’’ East Asian Bureau of Economic Research Working Paper 108
(August 2015): 8; Gabriel Wildau, ‘‘China Cautiously Embraces Privatization of
State-Owned Enterprises,’’ Financial Times, September 25, 2015.
12. U.S.-China Economic and Security Review Commission, Hearing on China’s
Shifting Economic Realities and Implications for the United States, written testimony
of Paul Hubbard, February 24, 2016.
13. U.S.-China Economic and Security Review Commission, Hearing on China’s
Shifting Economic Realities and Implications for the United States, written testimony
of Paul Hubbard, February 24, 2016.
14. International Monetary Fund, ‘‘The People’s Republic of China: 2016 Article
IV Consultation: Selected Issues,’’ August 2016, 33.
15. James Kynge, ‘‘Corporate Credit Shock Beckons for China,’’ Financial Times,
January 26, 2016.
16. Xinhua, ‘‘China’s SOE Profits Post Milder Decline,’’ July 25, 2016; Mark
Magnier, ‘‘IMF Warns China of Risks of Mounting Corporate Debt,’’ Wall Street
Journal, June 12, 2016.
17. Wenland Zhang et al., ‘‘Corporate Leverage in China: Why Has It Increased
Fast in Recent Years and Where Do the Risks Lie?’’ Hong Kong Institute for Monetary
Research (Working Paper), April 2015, 2, 16.
18. David Lipton, ‘‘Rebalancing China: International Lessons in Corporate
Debt,’’ International Monetary Fund, June 2016; Wall Street Journal, ‘‘China’s Debt
Bomb,’’ June 28, 2015.
19. Bank of International Settlements, ‘‘Credit to the Non-Financial Sector,’’
September 18, 2016.
20. David Lipton, ‘‘Rebalancing China: International Lessons in Corporate
Debt,’’ International Monetary Fund, June 2016.
21. Jiang Xueqing, ‘‘Regulators Tighten Bank Risk Management, Warn on Asset
Bubbles,’’ China Daily, July 8, 2016.
22. Jiang Xueqing, ‘‘Regulators Tighten Bank Risk Management, Warn on Asset
Bubbles,’’ China Daily, July 8, 2016; China Banking Regulatory Commission, 2006
Annual Report, May 15, 2007, 14.
23. David Lipton, ‘‘Rebalancing China: International Lessons in Corporate
Debt,’’ International Monetary Fund, June 2016.
24. Malcolm Scott, ‘‘China Rating Outlook Cut at S&P on Risk of Slow Rebalancing,’’
Bloomberg Markets, March 31, 2016.
25. Joe McDonald, ‘‘Chinese Financial Reforms Collide with ‘Too Big to Fail,’ ’’
Associated Press, November 19, 2015.
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