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....
Decentralization and development of small cites: Evidence from county-to-city upgrading in China
September 2021
This paper examines how decentralization of administrative and fiscal authority affects the development of small cities by exploiting a unique reform of county-to-city upgrading (chexiansheshi) in China....
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...
Education burden reduction, family education investment, and education equity
September 2023
How to effectively reduce the burden of students has received widespread attention in recent years. A series of burden reduction policies have been issued, yet there exists large dispute over the effectiveness...
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...
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,...
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...
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...
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...
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...
Social mobility in China, 1645–2012: A surname study
September 2021
This paper estimates the rate of intergenerational social mobility of status in Late Imperial, Republican and Communist China by examining the changing social status of originally elite surnames over...
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...
The appropriate level of financial inclusion: The perspective of financial stability
September 2023
We construct a global financial inclusion index using data from the World Bank, IMF, and V-Lab and propose an inverted U-shaped relationship between financial inclusion and financial stability. The...
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...
Air pollution during pregnancy damages the newborns’ health: Evidence from Wuhan Birth Cohort Studies
June 2025
We examine the causal impact of air pollution during pregnancy on the early health of newborns using daily data from environmental monitoring stations in Wuhan and data from the Wuhan Birth Cohort Studies...
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...
The effects of the entries by bike-sharing platforms on urban air quality
September 2023
We study the effects of bike-sharing usage on urban air quality in China. Our Difference-in-Differences strategy exploits the staggered entries by two leading bike-sharing companies, ofo and Mobike,...
Consumer streets: Microscopic evidence of road density and consumption vitality
March 2023
Increased consumption is a key driving factor for further economic development in China. This study examines the influence of road network density on consumption vitality, using big data and various...
Climate finance and the labor income share of enterprises: Evidence from China
March 2025
Climate finance refers to the financing that addresses climate change. Its implementation affects industrial relations, and the labor income share of enterprises. This study conducts theoretical and...
Can information and communication technologies boost rural households’ income and narrow the rural income disparity in China?
September 2022
Using panel data from National Rural Fixed Point Survey and a supplementary survey about rural ICT projects, this paper empirically analyzes the impact of ICTs on rural households’ income and income...
The contraction of Chinese shadow banking and corporate investment behavior: Evidence from the background of the “New Rules on asset management”
June 2024
Employing the exogenous scenario of the “New Rules on Asset Management” in April 2018, this paper tries to explore the impact of the contraction of Chinese shadow banking on corporate investment behavior....
The effectiveness of lending facilities in China —evidence from bank lending
March 2023
This study examines the impact of lending facilities on commercial banks’ lending and its underlying mechanism by employing the difference-in-difference method utilizing Chinese banking data. It is...
South-South cooperation and food security: Evidence from Chinese agricultural technology demonstration Center in Africa
March 2024
Using the Chinese Agriculture Technology Demonstration Center (ATDC) in Africa as a quasi-natural experiment, we examine the causal impacts of China’s aid on crop production in Africa. The data pertain...
Aid and conflict: Evidence from Chinese aid
June 2022
Using data from AidData and the conflict report from Uppsala Conflict Data Program (UCDP) from 2000 to 2014, we find that China's other official flows (OOF) aid can significantly reduce the frequency...