rates and house prices. Some Chinese banks, especially the Bank of China, have been exposed to the US mortgage … replicated in China. This paper shows that there are some significant differences between China and the West, especially the US … and the UK. Compared with the US and other western industrialized economies, the booming house market in China has been …

U.S. state-level banking deregulation during the 1980’s mitigated the impact of the China trade shock (CTS) on local …