While neither China nor South Korea appears at risk of a near-term severe financial crisis, consumer spending in both countries could be quite weak in the years ahead; for China, the biggest risk comes from the property market, where growth may stumble following years of boom-driving production distortions.

This work offers new insights into foreign investment in China, offering evidence for the presence of homemade “foreign” investors who are likely mainland insiders who conceal themselves behind northbound flows.

Grassroots civil servants devote substantial effort to impressing/pleasing their evaluator, rather than working toward organizational goals; introducing uncertainty about the evaluator’s identity improves work performance.

To effectively disseminate important information on polarized issues such as climate change, vaccination, etc., it is crucial to first identify and intervene against the underlying fundamental values that might prevent individuals’ accurate digestion of the high-stakes information.

Non-tariff trade barriers reduced Chinese imports from the US by 50% during the height of the US-China trade war in 2018 and 2019, while imposing $40 billion in costs to Chinese consumers.

The average firm in the venture capital and private equity market in China dislikes investors with government ties, indicating that the benefits of political connections are small compared to the cons of having the government as an investor.

Local Chinese governments face a trade-off between supplying residential or industrial land, and this work reveals the importance of taxes and revenue streams over time in shaping those choices.

This analysis shows that natural person shareholders increased their entrepreneurial activities significantly following the 2013 launch of the exchange market, relative to legal entity shareholders; additionally, shareholders with better access to share pledging invested more heavily in industries with above-median growth potential.