A Bridge on Economic Issues between China and the World
Facebook 
Twitter 
Instagram
WeChat 
Email Most Popular
Evaluating the Burden of a U.S.-China Trade War
Meixin Guo, Lin Lu, Liugang Sheng, Miaojie Yu, Apr 25, 2018Trade disputes between the United States and China greatly intensified recently as the two countries announced a 25 percent tariff hike on $50 billion worth of products imported from each other, raising the risk of a trade war between the two giant trading economies. Based on a standard multi-sector, multi-country general equilibrium trade model with input-output linkages, we evaluate the cost of a trade war in which the United States and China both increase their tariffs to 45% for all imports from each other. We find that the United States would be more likely to be the bigger loser and that the cost for China would be moderate.
Long-run Trends in China’s Urban Unemployment and Labor Force Participation
Shuaizhang Feng, Yingyao Hu, Robert Moffitt, Jul 19, 2017Official unemployment rate in China is based on registered unemployment figures, but the official figures are likely underestimates of the true unemployment rates because many unemployed people are not qualified to register with government agencies and even those who are qualified may choose not to for various reasons. Shuaizhang Feng of Jinan University, and Yingyao Hu and Robert Moffitt, both of Johns Hopkins University, discuss their new effort to provide the first comprehensive picture of China’s labor market for the period 1988-2009 using Urban Household Survey (UHS) data administered by the National Bureau of Statistics of China.
Industry/Policy View Taxation Trends and Challenges in a Digital Economy — Implications for the People’s Republic of China
Akiko Terada-Hagiwara, Sep 11, 2019The digital economy is growing rapidly across the globe and, among developing countries, the PRC is a leader. Despite its promise, the global digital economy also poses many challenges, including tax base erosion and profit shifting. Given the initial efforts by the PRC to address these challenges, this post recommends that the country continues...
Equilibrium Consequences of Corruption on Firms: Evidence from China’s Anti-Corruption Campaign
Haoyuan Ding, Hanming Fang, Shu Lin, Kang Shi, Aug 23, 2017The announcement on May 17, 2013 that CPC’s Central Commission for Discipline Inspection (CCDI) would start to conduct several rounds of inspections of provincial governments, may serve as a rare natural experiment to examine the equilibrium consequences of corruption on firms. Professors Haoyuan Ding of Shanghai University of Finance and Economics, Hanming Fang of the University of Pennsylvania, and Shu Lin and Kang Shi, both of The Chinese University of Hong Kong exploit event studies to show that the stock market overall reacted positively to the CCDI announcement, and they also show that there is interesting heterogeneity across firms in their reactions to the news. They argue that the CCDI announcement on May 17, 2013 has likely triggered an expectation of norms change of bureaucratic behavior.
A Tale of Tier 3 Cities
Kenneth Rogoff, Yuanchen Yang, Mar 29, 2023This paper provides new estimates of the housing stock, construction rates, and price developments by city tier in China.
