In China, granting firms the right to trade internationally boosted productivity, with gains growing over time and shared with workers through higher wages.
The findings show that the temporary cost share exemption boosts short-term income growth, increases local investment in infrastructure, and promotes entrepreneurial activities, particularly among returning migrants.
We study the implications of mutual fund liquidity creation by examining frequent trading suspensions in China, which eliminate market liquidity in affected stocks and cause significant mispricing of mutual funds due to inaccurate valuations of their illiquid holdings...
Highlighting a tension between science’s universalist ideals and today’s geopolitical realities...
Johns Hopkins University. (The views expressed are those of the authors and should not be attributed to Johns Hopkins University.)