After joining the World Trade Organization (WTO), China witnessed a major inflow of Foreign Direct Investment (FDI). Many famous automobile firms of developed countries were attracted to invest in China to cooperate with domestic firms. This paper uses firm-level data of the Chinese automobile...

We examine the behavior of the Chinese equity markets to determine whether the equity markets are efficient or not. A previously unexplored database provides the source for observing market behavior of the two principal equity markets in China. These markets have unique characteristics different...