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Book Synopsis The Clash of Capitalisms? Chinese Companies in the United States

Ji Li, Oct 31, 2018

Chinese companies in the United States are generally adaptive to their host country’s legal and regulatory institutions. However, the adaptation varies in accordance with the companies’ ownership structure and the institutional distance between the two countries across different subject matter areas.

Faking Trade for Capital Control Evasion: Evidence from Dual Exchange Rate Arbitrage in China

Renliang Liu, Liugang Sheng, Jian Wang, Nov 25, 2020

We examine whether firms over-report international trade to evade capital controls for foreign exchange arbitrage, by specifically testing whether the aggregate bilateral trade data gap between trading partners is positively (negatively) correlated with the exchange rate spread when the spread is positive (negative). At the disaggregated level, we also employ Benford’s law to detect trade data manipulations...

Understanding the Evolution of China’s Production and Trade Patterns

Hanwei Huang, Jiandong Ju, Vivian Yue, Oct 09, 2024

The article discusses how capital accumulation has driven China's transition towards capital-intensive industries, while labor-biased productivity growth has helped China maintain a competitive edge in labor-intensive sectors.

How Liberalizing Trade with China Led to a Boom in International Students in the US

Gaurav Khanna, Kevin Shih, Ariel Weinberger, Mingzhi Xu, Miaojie Yu, Aug 16, 2023

Focusing on China’s accession to the World Trade Organization, we show that Chinese cities with more exposure to trade liberalization sent more students to US universities.

China’s Producer Price Reflation in 2016–2017: Capacity Cuts or Recovering Aggregate Demand?

Linxi Chen, Ding Ding, Rui C. Mano, Nov 23, 2018

In late 2015, the Chinese government launched a multi-year plan to reduce capacity in the coal and steel industries. Around the same time, producer price inflation in China started to pick up strongly after being trapped in negative territory for 4½ years. What is behind this broad reflation—cuts in coal and steel capacity or a strengthening of aggregate demand...