Endnotes
1 The details of the derivation of this index can be found in the appendix to Xiao Geng and Tu Zhengge, “China’s
Industrial Productivity Revolution”, available at www.econ.hku.hk/~xiaogeng*).
1 These are lower rates of profit (IP/TA) relative to the province of Shandong, which is taken as the reference
point.
* This link takes you outside the ADBI.org website.
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