Digital transformation of commercial banks in China: Measurement, progress and impact
March 2023
Nowadays, digital transformation has become an urgent strategic task for traditional commercial banks. Due to the lack of measurement of banks’ digital transformation, whether digital transformation...
The return of protectionism: Prospects for Sino-US trade relations in the wake of the trade war
September 2024
Over the past six years, the Sino-US trade war has not only reshaped the relationship between the world's two largest economies but also profoundly influenced the global economic and trade patterns....
What are public development banks and development financing institutions ? ——qualification criteria, stylized facts and development trends
December 2021
Public development banks and development financing institutions are experiencing renaissance worldwide, but systematic academic research is patchy. The bottleneck mainly boils down to the lack of data,...
A review of contest theory: Equilibrium strategies and incentive design
June 2026
Contest theory studies strategic competition among individuals or groups for rewards such as positions, market share, or rents. Owing to its wide applicability in settings such as rent-seeking, promotion,...
Age discrimination causes Unemployment: Evidence from the “35-year-Old phenomenon” in China
June 2025
Age discrimination in the labor market is a global issue, and in China, it becomes a pressing concern, particularly in the context of so-called “35-year-old crisis.” Departing from the literature that...
Environmental and ecological taxation in the People's Republic of China and the case for the introduction of a carbon tax
March 2026
This paper examines the evolution of environmental and ecological taxation in the People's Republic of China (PRC), tracing the transition from a "command-and-control" regulatory model to a sophisticated,...
From algorithm to alliance: The role of AI in shaping corporate collaborative innovation
March 2026
Based on data from Chinese manufacturing listed companies between 2010 and 2024, this study empirically examines the impact of corporate artificial intelligence (AI) adoption on collaborative innovation...
Impact of maternity leave policy reform on enterprise labor employment: Evidence from China matched employer-employee longitudinal survey data
September 2025
This study uses the China Matched Employer-Employee Longitudinal Survey data to evaluate the impact of maternity leave reform on enterprise labor employment. The results show that the reform does not...
How does the universal two-child policy affect fertility behavior?
December 2023
The Chinese government implemented the universal two-child policy on January 1, 2016 to arrest the decline in the nation's birthrate and address the challenge of a rapidly aging population. We find...
Trade protectionism suppresses Chinese firms’ cross-border M&A
June 2026
The tariff-jumping theory posits that, when confronted with rising tariff barriers, firms increase their investment in the tariff-imposing country in order to circumvent the tariffs. We integrate data...
Supply chain interconnection and SME financing: From the perspective of supply chain finance and trade credit
December 2024
By using an enhanced enterprise matching approach, we obtained microdata on the supply chain interconnections between small and medium-sized enterprises (SMEs) and listed companies. Our findings suggest...
Measuring real estate policy uncertainty in China
March 2023
Referring to the newspaper textual analysis method by Baker et al. (2016), this study constructs a monthly Chinese Real Estate Policy Uncertainty (REPU) index from 2001 to 2018. The index increases...
The effects of older workers’ employment on youth employment and occupational structure
June 2026
This study examines how older workers' employment affects youth employment and occupational structure, using microdata from China's 2000 and 2010 population censuses and the 2005 and 2015 1% national...
Gender roles and women’s labor market outcomes
June 2021
Using the China General Social Survey data, we tried to examine the impact of gender roles on women’s labor market outcomes. We find that traditional gender roles emphasizing women’s responsibility...
Monetary policy shocks and the signaling channel of monetary policy in China
March 2023
This paper identifies exogenous monetary policy shocks based on the high frequency transaction data of China's interest rate swap market, and explores the ‘signaling channel’ of monetary policy by investigating...
Firm's basic research and breakthrough innovation-- from the perspective of resource-based view
December 2025
With intensifying global competition and rapid technological advancement, breakthrough innovation has become a critical avenue for firms to build sustainable competitive advantages. Based on a resource-based...
Collecting system and payroll tax compliance: Evidence from Chinese firm-level data
June 2021
This paper quantifies the impacts of collecting system on social insurance contribution compliance, taking advantage of a reform around 2000 in China. Using firm-level data, we find that the actual...
The Impact of tariff increase on export and employment of Chinese firms
September 2023
This paper examines the impact of the tariff increase implemented by the U.S. in 2018 on Chinese firms' export and subsequent employment adjustment. Under the influence of front run shipment and expected...
Digital financial inclusion and household risk sharing: Evidence from China's digital finance revolution
December 2022
This paper examines how digital finance development affects household risk sharing in China. We provide convincing evidence that households that experience idiosyncratic negative shocks on income growth...
The special economic zones and innovation: Evidence from China
December 2021
We examine the impact of Special Economic Zones (SEZs) on innovation using China's county-level data from 1985 to 2011. Results show that the establishment of SEZs promotes a county's innovation in...
Shifting the safety net: Does social health insurance reshape intergenerational support?
March 2026
This study investigates the impact of China's Urban-Rural Resident Basic Medical Insurance (URRBMI) integration on intergenerational economic transfers within rural families. Exploiting its staggered...
Changes in labor share of China: A micro-level anatomy
June 2025
Using comprehensive firm-level databases, we study the micro-basis of different trends in aggregate and individual labor shares in China's manufacturing sector during 1998–2016. We find that (1) redistributing...
The impact of lockdown policies on labor market outcomes of the Chinese labor force in 2020: Evidence based on an employee tracking survey
December 2021
This paper uses data from an employee tracking survey in China for about 6000 incumbent workers to document their dynamic labor market outcomes throughout the year 2020. I find that the employment situation...
The policy of tax credit bank loan promotes employment in small and micro enterprises
March 2026
Using the policy of tax credit bank loan (TCBL) as a case study, this paper examines how the reduction in asymmetry in the information of “Banks, Tax Authorities, and Enterprises” affects the level...
Inequality of opportunity and fertility intentions
June 2025
Today's parents prioritize their children's future opportunities and well-being over the costs and benefits of child-rearing. Inequality of opportunity (IO) worsens children's developmental prospects...