No Winners but Only Losers in the China-US Trade War
Marlene Amstad, Leonardo Gambacorta, Chao He, Dora Xia, Mar 31, 2021
Trade tensions between China and the United States have played an important role in swinging global stock markets, but the effects are difficult to quantify. Using a comprehensive database constructed by Wisers, we develop a novel trade sentiment index (TSI) based on textual analysis that assesses the positive or negative tone of Chinese media coverage of the China-US trade situation and evaluates the TSI’s capacity to...
Spillovers in Childbearing Decisions and Fertility Transitions: Evidence from China
Pauline Rossi, Yun Xiao, Mar 24, 2021
To what extent and through which mechanisms are couples influenced by others when choosing their own family size? Recent research exploits exemptions in China’s family planning policies to show that conformism and competition drove the diffusion of small families, and hence accelerated the fertility transition in China.
FDI and Firm Productivity in Host Countries: The Role of Financial Constraints
Wontae Han, Jian Wang, Xiao Wang, Mar 03, 2021
Using the Chinese firm-level data, we find that FDI firms may have even lower cutoff productivity than local firms, although FDI firms are still, on average, more productive than their local counterparts. In addition, these findings are more pronounced in financially more vulnerable sectors. We argue that easy access to international financial markets by FDI firms has played an important role in driving our empirical findings...
Industry/Policy View Banking Across Borders: Are Chinese Banks Different?
Eugenio Cerutti, Cathérine Koch, Swapan-Kumar Pradhan, Feb 24, 2021
Chinese banks have become the largest cross-border lenders to emerging markets and developing economies (EMDEs). Despite their different ownership structure, their type of global reach resembles that of advanced economies’ (AE) banks, with distance to their borrowing EMDEs less of a barrier than that of other EMDE banks and more like U.S. or European banks. While bilateral trade, FDI, and portfolio investment...
VoxChina Covid-19 Forum (Second Edition): China’s Post-Lockdown Economic Recovery
VoxChina, Apr 18, 2020
The lockdowns induced by Covid-19 have led to unprecedented challenges to economies across the globe. The second edition of the VoxChina Covid-19 Forum focuses on China’s post-lockdown economic recovery, with three presentations that are based on data analysis of small businesses, consumption, e-commerce, and beyond, each for 15 minutes. There will be 30 minutes of Q&As.