This study examines the conduct of monetary policy and the setting of deposit and lending rates in China. As China is still in the transitional stage from a centrally planned economy to a market economy, State-Owned Enterprises and banks are being restructured and financial markets are being...

The growing trade conflict with the United States has heightened concerns on the progress of China’s economic rebalancing and restructuring from export-led growth strategy to one propelled by domestic consumption. This article examines the role of exports in China’s economic growth in both...

We examine the role of regulatory arbitrage via wealth management products (WMPs), in the determination of lending rates in China. Using hand-collected data we find WMP yields are positively associated with lending rates whereas the effect of WMP scale varies across bank size. For the big-5...

This paper analyzes how the Chinese government adjusts electricity prices for both industrial and residential users in response to changes in coal prices using an asymmetric error correction model. Our results show that there is a long-term relation between the coal price and electricity prices...