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using China's New Rural Pension Scheme (NRPS), one of the largest existing pension program in the world. Since its launch in … 2009, more than 400 million Chinese have enrolled in NRPS. We use two waves of China Health and Retirement Longitudinal …
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The Chinese government is fostering a new development pattern with domestic circulation as the mainstay and domestic and international circulations reinforcing each other. This arouses the need to construct a micro-foundation to coordinate firms' OFDI and domestic investment. Since the Belt and...
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