Foreign Direct Investment (FDI) has enhanced the financial conditions of Chinese enterprises, particularly through the financial spillover effects generated by supply chain connections, which have helped to reduce the burden of trade credit and increase opportunities for bank financing.
This article discussing that Chinese firms tend to emphasize the stability of financial performance in their reports. In contrast to U.S. firms, their financial disclosures are significantly swayed by non-shareholder stakeholders and do not leverage voluntary disclosures to mitigate capital costs.
We provide new evidence on the causal effects of housing wealth on consumer behavior.
Local fiscal policies have been very effective in China since 2000.
China's falling marriage rate reflects a fundamental spatial mismatch: as highly educated women sort into big cities with larger service sectors and less educated men concentrate in poorer regions, persistent hypergamous norms leave both groups without suitable local partners.