We study the efficiency of capital allocations at state-controlled and privately owned business groups in China. Using highly granular data on within-group capital transfers, we document stark differences: while private groups allocate more capital to units with better investment opportunities,...

We study the efficiency of capital allocations at state-controlled and privately owned business groups in China. Using highly granular data on within-group capital transfers, we document stark differences: while private groups allocate more capital to units with better investment opportunities,...

We study the efficiency of capital allocations at state-controlled and privately owned business groups in China. Using highly granular data on within-group capital transfers, we document stark differences: while private groups allocate more capital to units with better investment opportunities,...

China is facing a number of energy-related challenges such as the shortage of electricity supply and environmental pollution. Renewable energy is encouraged and will play more important role in the power generation components of China. As a renewable energy, biomass power has a rapid growth in...

The epidemic of Caesarean section (CS) is worldwide, and it has been argued that it is mainly due to non-medical factors, including healthcare financing patterns. We investigated the use of CS in rural China and the related factors, particularly health insurance in the form of the New...

China is facing a number of challenges such as electricity supply shortages, excessive consumption of fossil fuels and environmental pollution. As a renewable energy, wind power plays a vital role in mitigating these issues. With its unique geographical location and rich resources, China has...