Motivated by growing concerns about the risks and instability of China's financial system, this article reviews several … commonly perceived financial risks and discusses their roots in China's politico-economic institutions. We emphasize the need … to evaluate these risks within China's unique economic and financial systems, in which the state and non-state sectors …

also highlighted their pathological problems. This paper studies the case of China for pitfalls of a state … within China is low. Furthermore, to the extent some capital moves around the country, the government (as opposed to the …

In the past two decades China leaped from bit player in global science and engineering (S&E) to become the world … latecomer to modern science and engineering, China trailed the US and other advanced countries in the quality of its … universities and research but was improving both through the mid-2010s. This paper presents evidence that China's leap benefited …

As China transforms from a socialist planned economy to a market-oriented economy, its returns to education are … for education: the China Compulsory Education Law of 1986. We use differences among provinces in the dates of effective … implementation of the compulsory education law to show that the law raised overall educational attainment in China by about 0.8 years …