Utilizing the 3,567 A-share listed companies, this paper evaluates whether the Sino-US trade friction identified by the 301 tariff list impacts the Chinese stock market. We find that the 301 tariff list has a negative impact on the stock price in Chinese financial market by applying the...

In China's steel industry, hot issues such as "merger and reorganization" and "zombie firms" are closely tied to firm exit. This paper studies the selection mechanism of steel firms from a perspective of advanced technology adoption. Intelligent manufacturing, as an advanced technology with...