Using a comprehensive sample of credit card data from a leading Chinese bank, we find that government bureaucrats receive 16% higher credit lines than non-bureaucrats with similar income and demographics, but their accounts experience a significantly higher likelihood of delinquency and debt...

We estimate the spatial diffusion of housing prices by both geographical and socio-economic linkages across 152 Chinese cities from 2005 to 2018, showing how long and to what magnitude housing prices are affected by shocks emanating from other cities. Along with exploring the diffusion effect to...