cities in China. To do so, I construct a unique dataset of bilateral transportation costs between Chinese cities, digitized … a sectoral reallocation between cities in China …

China’s rapid credit expansion in 2009–10 brought local government financing platforms (LGFPs) into the spotlight. This …, local governments, and sovereign balance sheet. This paper argues that LGFPs were a fortune for China in the past, but would …

incompleteness-on China's housing prices. The model implies that to eradicate the root causes of the rising housing price …

The sharp rise of house prices in China's Tier-1 cities has fostered a great deal of commentary about the possibility … of bubbles forming there. However, China's unique housing market characteristics make it difficult to assess the … infrastructure to help China withstand the impact of falling prices, should this occur …

of an emerging real estate bubble. We find that, for China as a whole, the current levels of house prices do not seem …’ mass-market and luxury segments. Unlike advanced economies before 2007-8, prices have tended to correct frequently in China … China has, and will continue to have,a structural driver …