A Bridge on Economic Issues between China and the World
Facebook 
Twitter 
Instagram
WeChat 
Email Most Popular
Evaluating Risk across Chinese Housing Markets
Yongheng Deng, Joseph Gyourko, Jing Wu, Aug 02, 2017We bring new Chinese housing market data and analysis to the study of supply and demand conditions. There is substantial variation in supply–demand balances across markets. Bigger inventory overhangs predict lower house price growth the next year.
China’s Shadow Banking Sector: Wealth Management Products and Issuing Banks
Viral V. Acharya, Jun Qian, Zhishu Yang, Aug 09, 2017The issuance of Wealth Management Products (WMPs) is an important form of shadow banking activities in China, especially after 2011. Viral Acharya, Deputy Governor of the Reserve Bank of India, Prof. Jun “QJ” Qian of Fanhai International School of Finance, Fudan University and Prof. Zhishu Yang of Tsinghua University examine the causes, main players and impacts on the banking system of China’s rising WMPs. They also compare the differences between the U.S. shadow banking sector and its counterpart in China.
Industry/Policy View China’s Digital Economy: Opportunities and Risks
Longmei Zhang, Sally Chen, Aug 28, 2019China’s digital economy has expanded rapidly in recent years, including both the emergence of new digital industries and the digitalization of traditional sectors. This brings significant opportunities but also potential risks. The blog discusses the pros and cons of digitalization and how the government can do better in maximizing the benefit while minimizing the risks.
Industry/Policy View The US-China Trade War Is Based on Misleading Statistics
Zhiwei Zhang, Yi Xiong, Xinyu Ji, Jul 11, 2018General Motors and Apple sold more cars and iPhones in China than in the US, but their sales were not counted as US exports to China, as these were made and sold in China. Policymakers should look at both trade and local sales by foreign firms (the FDI channel) to gauge bilateral economic balance. We estimate that US firms sold more goods and services to China than Chinese firms sold to the US in 2017, once the FDI channel is taken into account.
Exports in Disguise: Trade Rerouting during the US-China Trade War?
Ebehi Iyoha, Edmund Malesky, Jaya Wen, Sung-Ju Wu, Bo Feng, Jan 22, 2025We found that the level of rerouting varied significantly depending on the granularity of the measure used: 16.5% of Vietnamese exports to the US were rerouted at the product level, compared to just 1.7% at the firm level. Trade war tariffs led to increases in rerouting, but estimates were again significantly smaller for more granular measures, underscoring the importance of detailed microdata in formulating trade policy and measuring compliance.
