Most Popular

Fertility and Delayed Migration: How Son Preference Protects Young Girls Against Mother–Child Separation

Zibin Huang, Xu Jiang, Ang Sun, Aug 14, 2024

In rural China, the son preference paradoxically reduces the likelihood of early mother-child separation for girls, while boys are more prone to such separation.

Government as Venture Capitalists in AI

Martin Beraja, Wenwei Peng, David Yang, Noam Yuchtman, Nov 06, 2024

This article discusses that government venture capital funds in China are more geographically dispersed than private venture capital, particularly in inland and less developed areas, and they are more inclined to invest in AI companies with weaker ex-ante productivity signals.

The Pre-Announcement Drift in China: Government Meetings and Macro Announcements

Jun Pan, Qing Peng, Mar 20, 2024

Confirming Chinese equity market is policy-driven, this study reveals a significant pre-Govt return before top government meetings, akin to the US pre-FOMC drift. It highlights the market's anticipation of these events and their impact on asset pricing, underscoring the centralized financial system in China.

Cash in the Darkness

Haohan Ren, Kemin Wang, Bohui Zhang, Fan Zhang, Jan 12, 2024

Relying on a large dataset on cash withdrawals of over 165 million bank cards from China, we find a higher ratio of cash withdrawals late at night is associated with criminal activity.

How Rural Pensions Boosted China's Economy

Qingen Gai, Naijia Guo, Bingjing Li, Qinghua Shi, Xiaodong Zhu, Dec 31, 2025

China’s New Rural Pension Scheme unexpectedly lowered the high cost of migration by freeing younger workers from household duties – boosting migration, wages, household welfare, and even national GDP.