The regulated price mechanism in China's power industry has attracted much criticism because of its incapability to optimize the allocation of resources. To build an "open, orderly, competitive and complete" power market system, the Chinese government launched an unprecedented marketization...

Recently China has issued the Double-Reduction (DR) policy, which is an unprecedented revolution in education. Exploiting the timing variation across cities, we show that exposure to this policy led to less reliance on private tutoring and more importance attached to family education, leading to...

Fiscal policy is at the core of most rescue packages worldwide to cope with the economic shock caused by the COVID-19 pandemic. Understanding the fiscal policy options of China, which first identified and responded to the pandemic, is of importance to policy makers not only from China but also...