A study finds that promoting upstream sectors to counter resource misallocation raises aggregate efficiency

Firms used VAT savings from China’s tax reform to invest in machinery as intended, but the reform reduced firm productivity, exports and employment

Research on industrial policy has taken off, leading to a better understanding of when such policies effectively harness economic development

Even in a highly controlled environment such as China, media bias is affected by competition and a trade-off between political and economic goals

Human capital externalities amplify the returns to education in China. Yet this can only explain some of the country's rapid growth.

Government policies that facilitate internal migration not only drive economic growth, but also improve the welfare of rural households

Weak rule of law institutions distort establishments’ decisions and magnify financial frictions, contributing to substantial productivity losses

China’s One Child Policy has profoundly affected demographic trends, the labour market, and savings behaviour in China. Is it also increasing crime?