The paper examines the determinants of inflation in China.The analyses of both year-on-year and month-on-month growth data confirm that excess liquidity, output gap, housing prices and stock prices positively affecting inflation.Impulse response analyses indicate that most effects occur during...

We investigate whether FinTech alleviates human biases in lending decisions under asymmetric information. Using proprietary data from a large auto equity loan company in China, we find that nonlocal borrowers obtain a smaller loan-to-value (LTV) ratio than their local counterparts, even after...

"Chinese society has been shaped by the interplay of the EAST--exams, autocracy, stability, and technology--from ancient times through the present. Beginning with the Sui dynasty's introduction of the civil service exam, known as Keju, in 587 CE--and continuing through the personnel management...

China is the largest recipient of foreign direct investment (FDI) among developing countries. This study compares China's FDI performance with a number of other Asian countries and focuses on the policy and institutional factors that lead to a large demand for FDI in China. The policy and...