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China’s Successful Securities Regulation to Protect Investors

Thomas Bourveau, Xingchao Gao, Rongchen Li, Frank S. Zhou, Nov 12, 2025

In emerging markets, controlling shareholders may extract private benefits at the expense of minority investors. To safeguard cash-flow rights, regulators have turned to dividend requirements, yet their rigidity risks stifling investments and growth. In China, the regulator successfully adopted an intermediate “comply-or-explain” approach to strengthen investor protection without forcing firms to forgo investments and growth.

Early Childhood Exposure to Health Insurance and Adolescent Outcomes: Evidence from Rural China

Wei Huang, Hong Liu, Jul 19, 2023

We examine the impact of early-life exposure to public health insurance, the New Cooperative Medical Scheme (NCMS), on outcomes in adolescence in rural China.

Sharing the Entrepreneurial Wealth?

Josh Lerner, Junxi Liu, Jacob Moscona, David Yang, Jun 12, 2024

This article discussing the emergence of China in the field of innovation and entrepreneurship is reshaping the global entrepreneurial landscape, paving novel ways for achieving a broader wealth sharing.

The Value of Big Data in a Pandemic

Kairong Xiao, May 05, 2021

This article summarizes a study of the economic and public health effects of the Health Code app in China. By exploiting the staggered implementation of this technology across 322 Chinese cities, this study finds that the Health Code app significantly reduced virus transmission and facilitated economic recovery during the COVID-19 pandemic. A macroeconomic susceptible-infectious-recovered (SIR) model calibrated to the micro-level estimates shows...

Robots as Guardians: How Automation Has Made Chinese Workplaces Safer

Wei Luo, Lixin Tang, Yaxin Yang, Xianqiang Zou, Feb 03, 2026

Industrial robots are often discussed primarily in terms of their employment effects. New evidence from China shows that automation has also delivered substantial improvements in workplace safety, with sharp reductions in accidents and fatalities.