China's land finance system has been a key contributor to the country's “economic miracle”
over recent decades. While there is much existing research on different components of the …

China's financial system has been integral to its spectacular economic growth over the past
40 years. We review the recent literature on China's financial system and its connections to …

The upsurge of shadow banking is typically driven by rising financing demand from certain
real sectors. In China, the 4 trillion yuan stimulus package in 2009 was behind the rapid …

There is a growing body of literature on China's land reform, land system and land-centred
urbanisation. While the contribution of land proceeds to Chinese local public finance and …

We study credit allocation across firms and its real effects during China's economic stimulus
plan of 2009–2010. We match confidential loan-level data from the nineteen largest Chinese …

We study the rise and risks in bank issuance of Wealth Management Products (WMPs),
which are off-balance-sheet substitutes for deposits without the regulatory interest rate …

ABSTRACT In China, between 2006 and 2013, local public debt crowded out the investment
of private firms by tightening their funding constraints while leaving state‐owned firms' …

Beckley demonstrates that no country is poised to upend American primacy, not
economically, not militarily, and not technologically.... The evidence he assembles should be …

China's national accounts are based on data collected by local governments. However,
since local governments are rewarded for meeting growth and investment targets, they have …

Motivated by growing concerns about the risks and instability of China's financial system,
this article reviews several commonly perceived financial risks and discusses their roots in …