The large and increasing debt in China has attracted global concern, but there is currently little quantitative information available on the leverage condition of China's housing sector. In this study, we suggest the current loan-to-value (LTV) ratio of housing as the key indicator of...

It is widely believed that the rotation and promotion system of local political chiefs plays an important role in China's economic miracle. In this paper, however, we focus on the potential cost of the inherent frequent turnovers of local chiefs. Based on a new manually-collected dataset on...

During a period of extraordinary urban growth, China's per-capita carbon footprint could soar. A growth in households' willingness to purchase “green” products and to engage in voluntary restraint could help offset this pollution increase as the free market will design products to cater to...