China’s rapid export growth has spurred extensive research investigating its effects on other economies. However, the exact causes of the boom as well as the slowdown in Chinese exporting after 2007 are less well understood.
Robot adoption has skyrocketed in China in the last decade. New research finds that this exposure has led to a decline in employment and wages, influencing workers’ training and retirement decisions. How can developing countries prepare themselves for the artificial intelligence revolution?
The emergence of third-party online platforms in intermediating financial products has been a new and exciting development in FinTech. We find that, in China post-platform, fund flows become markedly more sensitive to fund performance, and the net flow to the top 10 percent–performing funds more than triples their pre-platform level. In response, fund managers increase their risk taking to enhance...
A recent study shows that domestic input distortions faced by private firms in China have generated extra incentives for those firms to invest and produce abroad. This finding helps explain an astonishing increase in China’s outward foreign direct investment (FDI) flows since the financial crisis.
Exploiting China’s WTO accession as a quasi-natural experiment, this study finds that reduced trade policy uncertainty (TPU) in a major destination market promotes domestic entrepreneurial activities in China