A Bridge on Economic Issues between China and the World
Facebook 
Twitter 
Instagram
WeChat 
Email Most Popular
The Mandarin Model of Growth
Wei Xiong, Feb 13, 2019The Mandarin model is defined by two key features of the Chinese economy. First, the government takes a central role in driving the economy through its active investment in infrastructure. Second, the agency problems between the central and local governments can lead to a rich set of phenomena in the Chinese economy--not only rapid economic growth propelled by the tournament among local governors, but also short-termist behaviors of local governors that directly affect China’s economic and financial stability.
The Dual Role of China’s Stock Market: Capital Allocator and Platform for Global Diversification
Jennifer N. Carpenter, Robert F. Whitelaw, Aug 09, 2017Professors Jennifer Carpenter and Robert Whitelaw, both of New York University’s Stern School of Business, discuss the roles of the China's stock market in improving the efficiency of capital allocation in China and in helping global investors achieve diversification.
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.
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.
Anatomy of the CNH-CNY Peg: The Crucial Role of Liquidity Policies
Saleem Bahaj, Ricardo Reis, Jun 26, 2024This article discussing the changes in the exchange rate between the offshore yuan (CNH) and onshore yuan (CNY) help stabilize the CNY-US dollar exchange rate, but they also pose challenges to China's capital controls.
