A Bridge on Economic Issues between China and the World
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Interregional Barriers and Economic Growth in China
Yi Han, Mingqin Wu, Sep 25, 2024The article discussess that China's policy reform of integrating counties into larger prefecture-level divisions (che xian she qu) significantly promoted regional economic specialization, reduced interregional market barriers, and played a crucial role in driving economic growth.The article discussess that China's policy reform of integrating counties into larger prefecture-level divisions (che xian she qu) significantly promoted regional economic specialization, reduced interregional market barriers, and played a crucial role in driving economic growth.
How Do Public Pensions Affect Eldercare Mode and Son Preference? An Empirical Study on the New Rural Pension Scheme in China
Naijia Guo, Wei Huang, Ruixin Wang, Dec 11, 2024How do public pension schemes reshape eldercare and social norms with son preference? Using variations in the timing of the New Rural Pension Scheme (NRPS) across rural Chinese counties..
Will robots replace workers? Lessons from China
Osea Giuntella, Yi Lu, Tianyi Wang, Aug 06, 2025Robot 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?
High-Speed Rail and China's Electric Vehicle Adoption Miracle
Hanming Fang, Ming Li, Long Wang, Yang Yang, Mar 19, 2025We investigate whether high-speed rail (HSR) connectivity influences electric vehicle (EV) adoption, using a quasi-natural experiment from China’s HSR expansion and several identification strategies. Our findings consistently show that, by alleviating range anxiety, the expansion of HSR can account for up to one third of the increase in EV market share and EV sales in China during our sample period from 2010 to 2023, with effects particularly pronounced in cities served by faster HSR lines. These results suggest that transportation infrastructure can play a complementary role in accelerating the transition to electric mobility.
Excessive Issuance of New Funds in China and Implications for Investor Protection
Shuai Ye, Jinfan Zhang, Kaixuan Zheng, Jun 25, 2025The Chinese mutual fund industry is only one-tenth the size of its US counterpart, but the number of funds in China has surpassed that of the US. Our study shows that such a large number of funds is unhealthy: managers issue new funds repetitively with different custodian banks, resulting in the average manager overseeing 2.7 funds. Managers shift profits to new funds in order to attract more flows. Among funds under the same manager, new funds have higher returns than old funds, spurring concerns over investor protection.
