In China, granting firms the right to trade internationally boosted productivity, with gains growing over time and shared with workers through higher wages.
Barriers to entry facing new firms are a major source of regional economic differences. Removing these barriers can play an important role in economic convergence and growth.
Highlighting a tension between science’s universalist ideals and today’s geopolitical realities...
China’s place within international trade networks and global supply chains makes the propagation of Chinese shocks a global phenomenon.
The findings show that the temporary cost share exemption boosts short-term income growth, increases local investment in infrastructure, and promotes entrepreneurial activities, particularly among returning migrants.