The narrowing wage gap between high and low skilled workers in the Chinese labor market in recent years is suggestive of government interventions which may have been implemented in the capital markets. We develop a game theoretic model between a continuum of heterogeneous workers and the...

The choice of payment terms has increasingly become more important in determining the success of exporting transactions. While exporters often use Open Account (OA) terms to secure international contracts and to expand export levels, these terms in turn make them face more non-payment risks. In...

In this report, we will continue to study the impact of global health governance on curbing Covid-19 and trace the vaccine development, especially with regard to the Belt and Road Vaccine Partnership launched by China. The second section synthesizes the current progress of the world in...