This paper examines how Chinese policy banks responded to China's Belt Road Initiative (BRI) using transaction-level international syndicated loan data. Employing a difference-in-differences (DID) estimation, we show that Chinese policy banks increased aggregate lending (number of loans and loan...

Superstition is prevalent in rural areas, yet very few studies examine whether it affects rural households’ economic decisions. In this paper, we investigate the impact of “zodiac year” superstition on Chinese rural households’ life insurance spending. We find a statistically significant...