This paper studies the evolution of China's production and trade patterns during its integration into the global economy. We document and explain new facts concerning changes in production and exports at the industry and firm levels using microdata and a quantitative Ricardian and...

Based on the product-country level trade data from 2004 to 2017, as well as the High-Tech Products Catalog from the US Census Bureau, this paper examines empirically the current phenomenon of “national concentration” in high-tech exports. The results show that the phenomenon of “national...

While it is tempting to think of Free Trade Areas (FTAs) as liberalizing, they need not be. One reason for this is a relatively less studied feature of FTAs, namely Rules of Origin (ROOs) which determine when products are eligible for preferential treatment. We develop a model to study the...

Chapter 1. Introduction -- Chapter 2. Dialogue with Ray DALIO—Development and Cooperation in the New World Order -- Chapter 3. Outlook on the World Economy, Finance and Global Order -- Chapter 4. China Economy and Policy Outlook -- Chapter 5. Innovation, Finance, and Tech Competition --...

Introduction -- Chapter 1 Keynote speech & Dialogue: Global Financial Turbulence and Changes in the World Order -- Chapter 2 Roundtable Ⅰ: China Economic Outlook -- Chapter 3 Global Financial Turbulence and China's Financial Market -- Chapter 4 Global Financial Turbulence and China's Economic...