A Bridge on Economic Issues between China and the World
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Industry/Policy View Derisking Real Estate in China’s Hybrid Economy
Wei Xiong, Jun 28, 2023We investigate the relationship between the allocation of government subsidies and total factor productivity for Chinese listed firms.
The Real Driver of China’s Growth: Internal Economic Reform
Trevor Tombe, Xiaodong Zhu, Apr 03, 2019Many people have attributed China’ s growth since 2001 to its accession to WTO and the resulting rapid export expansion. We provide quantitative evidence showing that internal economic reform, not export expansion, was the real driver of China’ s growth in the period after 2001. We also show that there is still large potential growth from further internal reform in China.
Industry/Policy View Banking Across Borders: Are Chinese Banks Different?
Eugenio Cerutti, Cathérine Koch, Swapan-Kumar Pradhan, Feb 24, 2021Chinese 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...
Resolving China’s Corporate Debt Problem
Wojciech S. Maliszewski, Serkan Arslanalp, John Caparusso, José M. Garrido, Si Guo, Joong Shik Kang, W. Raphael Lam, T. Daniel Law, Wei Liao, Nadia Rendak, Philippe Wingender, Jiangyan Yu, Longmei Zhang, Sep 06, 2017Corporate credit growth in China has been excessive. The debt problem should be addressed urgently with a comprehensive strategy, trading short-term economic pain for larger longer-term gain.
Omnia Juncta in Uno: Foreign Powers and Trademark Protection in Shanghai’s Concession Era
Laura Alfaro, Cathy Ge Bao, Maggie X. Chen, Junjie Hong, Claudia Steinwender, Jul 09, 2025Trademarks, which identify the source of goods and services, account for the majority of intellectual property filings worldwide. We investigate how firms adapt to the introduction of trademark institutions by exploring a historical precedent: China’s trademark law of 1923, an unanticipated and disapproved response to end foreign privileges in China.
