In the laboratory experiment reported in this paper we explore how evolving institutions and social norms, which we label 'culture', change individuals' preferences and behaviour in mainland China. From 1949 China experienced dramatic changes in its socio-economic institutions. These began with...

Understanding companies' preferences for various domestic policy instruments is crucial to designing and planning Sectoral Market Mechanism (SMM) in China. Based on a detailed overview of domestic policy instruments under SMM, this paper evaluates corporate preferences for diverse domestic...

Opinion over the global implications of China‘s rise is divided between critics, who see it as having developed at the expense of both investment and employment in the US, Europe and Japan and proponents who emphasise improvements in the terms of trade and reductions to the cost of financing...

This article reviews key past trends in energy security from the perspective of both International Energy Agency members and the Asia Pacific over the past 30 years, and assesses future energy risks. Developments in energy efficiency, unconventional oil and gas, and stationary renewable energy...

The concept of ecosystem services (the benefits people derive from functioning ecosystems) is beginning to change the way we view the relationship between humans and the rest of nature. To the extent that we view humanity as embedded in and interdependent with the rest of nature, rather than...

The time has come (is arguably long overdue) to develop a new basis for the World Bank's work in China. For nearly two decades, the Bank and China have been engaged in a mutual game of ‘let's pretend’, because the annual increments to China's foreign exchange reserves have been larger than...