A Bridge on Economic Issues between China and the World
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Can Foreign Direct Investment Boost Social Mobility? Evidence from China
Jianpeng Deng, Zibin Huang, Qing Shi, Xin Zhao, Apr 01, 2026Using China’s foreign direct investment (FDI) liberalization following WTO accession as a quasi-natural experiment, we examine whether foreign direct investment can promote intergenerational occupational mobility.
How Credible Is Hong Kong’s Currency Peg
Urban Jermann, Bin Wei, Vivian Yue, Apr 08, 2026Using daily spot exchange rates and derivatives prices, we estimate a peg-survival probability p and an implied fundamental value of V for HKD under an alternative regime...
