A Bridge on Economic Issues between China and the World
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Government-Directed Urban Growth, Firm Entry, and Industrial Land Prices in Chinese Cities
Jan K. Brueckner, Wenhua Liu, Wei Xiao, Junfu Zhang, May 17, 2023We examine the effect of large-scale administrative reorganization in China, where counties are annexed into cities to accommodate urban growth.
Estimating the Role of Air Quality Improvements in the Decline of Suicide Rates in China
Tamma Carleton, Peng Zhang, Liguo Lin, Maigeng Zhou, Jun 19, 2024This article discussing the correlation between reduced air pollution and lower suicide rates notes that as air pollution decreases, suicide rates also decline...
Mortgage Prepayment in China
Zhenyu Gao, Wenxi Jiang, Haohan Ren, Kemin Wang, Yuezhi Wu, Sep 10, 2025During the 2019–2024 monetary easing cycle, Chinese households used their savings to prepay unprecedented amounts of mortgage loans. Because refinancing was restricted, mortgage rates remained rigid, while savings returns quickly adjusted to rate cuts. The widening gap between borrowing costs and savings returns encouraged prepayment (deleveraging) and reduced consumption. Our findings suggest that the rigid mortgage rates have rendered China’s monetary easing counterproductive.
Good Finance, Bad Finance, and Resource Misallocation: Evidence from China
Jiapin Deng, Qiao Liu, Apr 03, 2024The development of finance driven by Chinese local governments exacerbates the problem of resource misallocation, whereas market-driven finance significantly improves allocative efficiency. This highlights the policy implication that modern finance in China should prioritize the efficient utilization of resources rather than mere expansion in scale.
Microgiving with Digital Platforms
Xiheng Jiang, Jianwei Xing, Jintao Xu, Eric Zou, Nov 30, 2022“Microgiving,” a new model of fundraising made possible by digital technologies, is premised on the notion that charities can raise substantial funds by soliciting minuscule donations from many individuals.
