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Learning by Trading: How Reforming Trade Policy Boosted Firm Productivity in China

Yunong Li, Yi Lu, Jianguo Wang, Jan 14, 2026

In China, granting firms the right to trade internationally boosted productivity, with gains growing over time and shared with workers through higher wages.

Rural Road Stimulus and the Role of Matching Mandates on Economic Recovery in China

Anthony Howell, Oct 30, 2024

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.

Trading Suspensions, Liquidity, and Information Acquisition in the Chinese Stock Market

Clemens Sialm, David X. Xu, Mar 18, 2026

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...

Geopolitics in the Evaluation of International Scientific Collaboration

Alexander C. Furnas, Ruixue Jia, Margaret E. Roberts, Dashun Wang, Mar 11, 2026

Highlighting a tension between science’s universalist ideals and today’s geopolitical realities...

Decoupling of Incomes and CO₂ Emissions in China and the US

Chuanzhi Huo, Angqi Li, Prakash Loungani, Jul 23, 2025

Johns Hopkins University. (The views expressed are those of the authors and should not be attributed to Johns Hopkins University.)