The emphasis is to inspect the contribution of non-global value chains embedding,global value chains embedding and different embedding modes on the fluctuation ofChina's export growth rate. The results indicate that, China's export growth rate holds asignificant "transitional fluctuations"...

The North Korea nuclear weapon tests bring uncertain environment in northeast Asia. We document a decrease in the long-term investment of Chinese firms following each test. Such decrease also holds for Japanese firms and South Korean firms. The impact spreads from the test site and dwindles when...