China has experienced significant capital flight over the last two decades. Despite anecdotal evidence that some of this capital has been invested in foreign residential markets, not much is known from academic research about its destination and impact. We examine the effects of capital inflows...

We construct a time-series of news coverage about air pollution in China for the period 1977-2019, and verify that such abnormal news coverage is associated with worse air quality in major Chinese cities, for which information is available for a shorter period. We find that that cross-border...