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China’s New Nationwide CO2 Emissions Trading System: General Equilibrium Impacts

Lawrence H. Goulder, Xianling Long, Chenfei Qu, Da Zhang, Apr 17, 2024

This article discussing the comprehensive impacts of China's newly introduced nationwide CO2 emissions trading system, with a focus on its interactions with environmental costs, the fiscal system, and the challenges faced in policy cost distribution.

The Long-Run Trend of Residential Investment in China

Ding Ding, Weicheng Lian, Oct 09, 2019

Residential investment has been a key growth engine for China in the last two decades. Total housing investment grew from about 4 percent of GDP in 1997 to a peak of 15 percent of GDP in 2014, with residential investment accounting for more than two-thirds of it. Our analysis indicates that structural changes in the Chinese economy that led to rebalancing toward consumption...

Can Investment Incentives Crowd Out Innovation? Evidence from China

Shaowei Ke, Yao Lu, Xinzheng Shi, Yeqing Zhang, Nov 06, 2019

The Chinese government has been using strong fiscal stimuli to encourage investment. While these fiscal policies, such as investment tax credits, often encourage firm investment, we find that investment tax incentives may generate an unintended reduction of firms’ innovation. Moreover, the crowding-out effect is non-monotonic in the level of financial constraints.

Primary Care Chronic Disease Management in Rural China

Yiwei Chen, Hui Ding, Min Yu, Jieming Zhong, Ruying Hu, Xiangyu Chen, Chunmei Wang, Kaixu Xie, Karen Eggleston, Dec 11, 2019

Health systems globally face increasing morbidity and mortality from chronic diseases, yet many — especially in low- and middle-income countries — lack strong primary care. Among recent contributions to understanding how economic incentives can be harnessed to address this challenge is a study in which we analyze China’s efforts to promote primary care management for rural residents with chronic disease...

How the Internet Changed Chinese Exports before Ali Baba Came

Ana M. Fernandes, Aaditya Mattoo, Huy Nguyen, Marc Schiffbauer, May 16, 2018

The roll-out of the internet in China boosted firms’ exports and overall performance even before the rise of broadband and major e-commerce platforms. This finding is relevant for the many developing countries trying to strike a balance between widening access to basic internet services and deepening it through the creation of broadband networks and connections to major e-commerce platforms.