China’s “Great Leap Forward” in Science and Engineering

From "Made in China" to "Innovated in China" can occur only if China produces a large number of scientists and engineers. Richard B. Freeman of Harvard University documents China's "Great Leap Forward" in science and engineering in the past decades in the number of engineers and scientists, the number of scientific papers, patents and innovations.

Healthy Life Expectancy in China

We predict and analyze provincial-level healthy life expectancy for 31 provinces of China in 2015. Using data from a wide range of countries, we construct a predictive regression model based on socioeconomic variables such as GDP per capita, health and education expenditures, and the number of hospital beds. We find substantial regional health disparities, with healthy life expectancy varying by up to 10 years between different provinces for both men and women.

Industry/Policy View Post-COVID-19 Reconfiguration of the Global Value Chains and China

Book Synopsis Why Does China Need a New Breed of Companies?

Understanding corporate China and its future dynamics is the key to understanding the Chinese economy and its undergoing transformation. The intellectual framework proposed in this work can be summarized by a simple identity: Growth Rate = Return on Invested Capital (ROIC) X Investment Rate. To successfully achieve China’s economic transition without losing a lot of growth at the same time, China needs to improve ROIC at the aggregate level.

Industry/Policy View The Impact of US-China Trade Tensions

US-China trade tensions have negatively affected consumers as well as many producers in both countries. The tariffs have reduced trade between the US and China, but the bilateral trade deficit remains broadly unchanged. While the impact on global growth is relatively modest at this time, the latest escalation could significantly dent business and financial market sentiment, disrupt global supply chains, and jeopardize the projected recovery in global growth in 2019.