portfolios concentrated in sectors exposed to competition from China face an increase in non-performing loans after China's entry … financial channel amplifies the shock to firms already hit by import competition from China and passes it on to firms in sectors …

We document the rise of China in offshore capital markets. Chinese firms use global tax havens to access foreign … capital both in equity and bond markets. In the last twenty years, China's presence went from raising a negligible amount of …

-for-tat responses between just the US and China would likely leave the dollar's role essentially unchanged. If both countries coordinate …

China. First, China has a comparative advantage in this technology. It is substantially more likely to export surveillance … democracies are more likely to import surveillance AI from China. This bias is not observed in AI imports from the US or in … imports of other frontier technologies from China. Third, autocracies and weak democracies are especially more likely to …

We estimate the effects of privatization on zombie versus healthy state-owned enterprises (SOEs) in China, extending …