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Homemade Foreign Trading

Zhiguo He, Yuehan Wang, Xiaoquan Zhu, Jul 26, 2023

Our recent study provides evidence that Chinese mainland insiders tend to evade see-through surveillance by round-tripping via the Stock Connect program.

Government-Directed Urban Growth, Firm Entry, and Industrial Land Prices in Chinese Cities

Jan K. Brueckner, Wenhua Liu, Wei Xiao, Junfu Zhang, May 17, 2023

We examine the effect of large-scale administrative reorganization in China, where counties are annexed into cities to accommodate urban growth.

Will robots replace workers? Lessons from China

Osea Giuntella, Yi Lu, Tianyi Wang, Aug 06, 2025

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?

Good Finance, Bad Finance, and Resource Misallocation: Evidence from China

Jiapin Deng, Qiao Liu, Apr 03, 2024

The 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.

BigTech Credit and Monetary Policy Transmission

Yiping Huang, Xiang Li, Han Qiu, Changhua Yu, Dec 07, 2022

By comparing business loans made by a BigTech bank with those made by traditional banks, this study finds that BigTech loans tend to be smaller, and the BigTech lender is more likely to grant credit to new borrowers than conventional banks in response to expansionary monetary policy.