developed countries, the majority of China’s cross-border M&As are vertical rather than horizontal. I study the difference in …

In this article we review the literature on the recent growth of corporate debt in China, and present stylized facts on … recent reforms of China's bankruptcy law. Finally, we discuss the main challenges faced by China in the implementation of …

While China reduced tariffs as part of the WTO accession process, it also reduced the rebates of the value added tax … export tax changes benefited China and nullified the benefits to the rest of the world of China’s trade liberalization. We … show that trade liberalization benefited China’s trade partners both through an improvement in their terms of trade and …

Using the split-share structure reform in China, we examine the effect of stock liquidity on investment efficiency. We …