Government as Venture Capitalists in AI
Martin Beraja, Wenwei Peng, David Yang, Noam Yuchtman, Nov 06,
2024
This article discusses that government venture capital funds in China are more geographically dispersed than private venture capital, particularly in inland and less developed areas, and they are more inclined to invest in AI companies with weaker ex-ante productivity signals.
Migration and Resource Misallocation in China
Xiaolu Li, Lin Ma, Yang Tang, Oct 23,
2024
This article discusses how reducing frictions across Chinese provinces could significantly improve aggregate output, lower spatial inequality, and discourage population concentration in large cities.
How Do Firms Withstand Global Economic Shocks: Evidence from Within-Firm Responses
Xiao Cen, Vyacheslav Fos, Wei Jiang, Oct 16,
2024
The article discusses that the adaptation strategies of American firms against the backdrop of China's industrial policies are as follows: Firstly, they carry out strategic shifts within the American market, avoiding direct competition and turning to upstream and downstream areas of the supply chain; secondly, they redistribute production across national borders by directly establishing production bases in China to fully leverage China's policy advantages. These strategies demonstrate the strategic flexibility and strong adaptability of American firms in the face of global economic shocks.
Understanding the Evolution of China’s Production and Trade Patterns
Hanwei Huang, Jiandong Ju, Vivian Yue, Oct 09,
2024
The article discusses how capital accumulation has driven China's transition towards capital-intensive industries, while labor-biased productivity growth has helped China maintain a competitive edge in labor-intensive sectors.
Demand for Retirement Insurance: What Do People Want?
Cheng Wan, Hazel Bateman, Hanming Fang, Katja Hanewald, Oct 02,
2024
This article discusses the diversity and preference variations in the demand for retirement insurance among urban residents in China, particularly the high demand for health-related insurance such as critical illness (CI) and long-term care (LTC) insurance, and how individual financial circumstances, risk appetites, and bequest motives significantly influence their choice of retirement insurance products.
Interregional Barriers and Economic Growth in China
Yi Han, Mingqin Wu, Sep 25,
2024
The article discussess that China's policy reform of integrating counties into larger prefecture-level divisions (che xian she qu) significantly promoted regional economic specialization, reduced interregional market barriers, and played a crucial role in driving economic growth.The article discussess that China's policy reform of integrating counties into larger prefecture-level divisions (che xian she qu) significantly promoted regional economic specialization, reduced interregional market barriers, and played a crucial role in driving economic growth.
Bonds of Love: Patriotism and the Rise of Modern Banks
Yuchen Sun, Wanda Wang, Yuchen Xu, Sep 11,
2024
This article discusses that patriotism could be an alternative source of trust in government and financial institutions, particularly during challenging times.