To gain membership in the World Trade Organization in 2001, China substantially modified its regulation of foreign trade and investment. These reforms coincided with rapid changes in the composition of capital inflows, as the dominant entry mode shifted from joint venture to wholly foreign owned...

Green credit policies have been adopted extensively in China for reducing industrial pollution. However, it remains unclear whether, how and to what extent those policies have achieved in practice due to the lack of rigorous micro-empirical evidence. Using unique information from the “Opinions...