A Bridge on Economic Issues between China and the World
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The Geography of Market Power: Rethinking Consolidation in China’s Steel Industry
Loren Brandt, Feitao Jiang, Yao Luo, Yingjun Su, May 06, 2026China’s steel industry is the world’s largest, but it is also famously fragmented. For years, policymakers have pushed for mergers and acquisitions to consolidate the sector, aiming to boost efficiency and create a handful of national champions.
Fintech Lending and Cashless Payments
Pulak Ghosh, Boris Vallée, Yao Zeng, May 13, 2026Banks have long dominated lending thanks to their informational advantages over borrowers, but fintech lenders are leveling the playing field by exploiting an unexpected data source: cashless payments.
