A Bridge on Economic Issues between China and the World
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Industry/Policy View China’s High Savings: Drivers, Prospects, and Policies
Longmei Zhang, Ding Ding, Hui He, Rui C. Mano, Apr 17, 2019China’s high national savings rate—one of the highest in the world—is at the heart of its external/internal imbalances. High savings finance elevated investment when held domestically, and lead to external imbalances when they flow abroad. Today, China’s higher savings, compared to the global average, mostly emanate from the household sector, due to demographic...
Exports in Disguise: Trade Rerouting during the US-China Trade War?
Ebehi Iyoha, Edmund Malesky, Jaya Wen, Sung-Ju Wu, Bo Feng, Jan 22, 2025We found that the level of rerouting varied significantly depending on the granularity of the measure used: 16.5% of Vietnamese exports to the US were rerouted at the product level, compared to just 1.7% at the firm level. Trade war tariffs led to increases in rerouting, but estimates were again significantly smaller for more granular measures, underscoring the importance of detailed microdata in formulating trade policy and measuring compliance.
Evaluating Risk across Chinese Housing Markets
Yongheng Deng, Joseph Gyourko, Jing Wu, Aug 02, 2017We bring new Chinese housing market data and analysis to the study of supply and demand conditions. There is substantial variation in supply–demand balances across markets. Bigger inventory overhangs predict lower house price growth the next year.
The Impact of Hybrid Working on Employee Retention and Performance
Nicholas Bloom, Ruobing Han, James Liang, Aug 21, 2024This article discusses that a flexible hybrid working arrangement significantly enhances job satisfaction and employee retention rates without compromising performance and promotion.
Daily Price Limits and the Magnet Effect
Ting Chen, Zhenyu Gao, Jibao He, Wenxi Jiang, Wei Xiong, Oct 25, 2017We find that the widely adopted daily price limit rules may induce large investors as a group to pursue a destructive trading strategy of pushing stock prices to the upper price limit and then profiting from selling these stocks on the next day. Their trading accelerates the price increase on the day that the upper price limit is reached, thus leading to the so-called Magnet Effect. This unintended effect renders the daily price limits — a market stabilization scheme — counterproductive.
