Industry/Policy View Assessing China’s Financial Risk: Evidence from the Stock Market

VoxChina welcomes views from industry reports and policy reports.This piece summaries the views about China’s financial risk from - Hao Zhou, the PBC School of Finance at Tsinghua University, Haibin Zhu, J.P. Morgan and Xiangpeng Chen, the PBC School of Finance at Tsinghua University.

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.

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

The Burden of Education Costs in China: A Struggle for All, but Heavier for Lower-Income Families

Household education expenditure in China accounts for a substantial portion of household income, averaging around 17.1%, and it is inversely related to household income. As a necessity, education expenditure imposes excessively high costs on lower-income families. China needs to formulate policies to alleviate the financial burden on families, reform the school system, and enhance educational equity.

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.