"Informatization," a policy of integrated telecommunications development, is regarded as one of the driving forces behind the Chinese government's "new socialist countryside" program. Various national and provincial programs have been initiated to connect the agricultural communities to the...

Governments, businesses and other interested parties have taken various steps to bridge the digital divide. Some countries, particularly those in the Asia-Pacific region, have made national plans. Initially, most of their efforts were devoted to increasing the level of connectivity in rural...

This paper investigates the effect of robot adoption on employment adjustment in China. By using detailed Chinese firm-level data and addressing endogeneity, we find that using industrial robots increases employment within firms, especially when focusing on the employment of high-educated and...

China's four-trillion-yuan stimulus package fueled by bank loans in 2009 has led to the rapid growth of shadow banking activities after 2012. Local governments financed the stimulus through bank loans in 2009, and resorted to non-bank debt financing after 2012 given the rollover pressure from...

The upsurge of shadow banking is typically driven by rising financing demand from certain real sectors. In China, the four-trillion-yuan stimulus package in 2009 was behind the rapid growth of shadow banking after 2012, expediting the development of Chinese corporate bond markets in the...