Industry/Policy View

The US-China Trade War Is Based on Misleading Statistics

Zhiwei Zhang, Yi Xiong, Xinyu Ji, Jul 11, 2018

General 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.

Assessing China’s Financial Risk: Evidence from the Stock Market

Hao Zhou, Haibin Zhu, Xiangpeng Chen, Jul 14, 2017

VoxChina welcomes views from industry reports and policy reports.This piece summaries the views about China’s financial risk from - Hao Zhou, the PBC School of Finance at Tsinghua University, Haibin Zhu, J.P. Morgan and Xiangpeng Chen, the PBC School of Finance at Tsinghua University.

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