New research on China shows that entrepreneurs who start multiple firms are more productive on average – but this conceals a troubling pattern: some succeed not because of skill, but because of preferential access to finance.

China’s 2014 business registration reform spurred greater market dynamism by lowering entry barriers, which increased firm turnover and allowed smaller yet more productive entrepreneurs to establish new businesses, boosting overall productivity and g...

Social networks substituted for legally enforced contracts between firms and paved the way for entrepreneurs to flourish

An unfavourable ratio of young men to young women could explain simultaneously skyrocketing housing prices and rising home ownership

The high ratio of men to women in the marriage market helps explain why homeownership in China has increased despite skyrocketing house prices

Sharply increasing inequality became an integral part of the narrative on Chinese development since the beginning of the reform process in 1978. Over the past decade, however, many studies have argued that inequality has been plateauing, or even decl...