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China Economic Review

1990 - 2026

Current editor(s): B.M. Fleisher, K. X. D. Huang, M.E. Lovely, Y. Wen, X. Zhang and X. Zhu

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Volume 95, issue C, 2026

China's urban agglomerations: Surging from industrial-led to innovation-driven Downloads
Jie Tang and Huiwen Li
Who benefits from compulsory education? Evidence from the average and heterogeneous effects on migrant welfare in China Downloads
Yucheng Sun, Meizhen Li, Zhewen Pan and Xianbo Zhou
Socioeconomic status and inequalities in early development of non-cognitive skills: Evidence from China Downloads
Dongqin Wang, Minghong Shen and Xiaogang Wu
Booming costs, boozing habits: How soaring housing prices drive smoking and drinking in China Downloads
Jiao Wang, Dianzhang Zou, Yi Chen and Jingwen Xue
Judicial fairness perception and corporate innovation: Evidence from entrepreneur survey in China Downloads
Jingyuan Qiao, Kai Wu and Donghui Li
Does policy uncertainty affect firms' exchange rate exposure? Evidence from China11We are grateful for the insightful comments of Iftekhar Hasan, Iikka Korhonen, Zhitao Lin and Yaqi Wang for their valuable suggestions. We are also grateful for the excellent comments from participants at seminars at Bank of Finland, Jinan University, Capital University of Economics and Business, Wuhan University, and Central University of Finance and Economics, as well as the EFMA 2023 Annual Conference (Cardiff). This research is supported by the National Natural Science Foundation of China (72473146, 72101267), the Fundamental Research Funds for the Central Universities, the Research Funds of Renmin University of China (24XNN005). All remaining errors are ours Downloads
Qing He, Bailin Liang and Ce Zhang
Audiovisual pesticide label: A digital expert to promote accurate pesticide use Downloads
Juhui Chen, Junfei Bai, Xi Lu, Yinghui Ma and Meng Zhou
Supply network and firm innovation: Evidence from China Downloads
Xiao Deng, Shi-Ting He, Xinrui Lin and Junjie Tang
Valuation adjustment mechanisms in venture capital and entrepreneurial firms' performance Downloads
Yi Jiang, Zelong Tan and Ge Yang
Transnational digital infrastructure and scientific collaboration: Evidence from the Asia Africa Europe-1 (AAE-1) submarine cable Downloads
Han Li and Yuan Gao
Valuation adjustment mechanisms and acquirer’s innovation under the new company law reform: Evidence from China Downloads
Peng Zhang, Die Hu and Linjue Du
The impact of a large-scale chronic disease prevention and control program on the health benefits of older adults: Evidence from a natural experiment in China Downloads
Qingshan Ma, Yuqing Han, Mingcong Chen, Feng Hu and Haiyan Zhou
Targeting mental wellness: Does China's multifaceted poverty alleviation policy bear fruit? Downloads
Dezhuang Hu and Tang Li
Action beyond the sky high: Capital structure adjustment speed of Chinese space firms Downloads
Fei Guo, Lei Xu, Bin Li, Jiawei Sun and Zixuan Dai
The dark side of capital flexibility: Subscribed capital system reform and creditor interests in China Downloads
Weidi Chai, Chunyu Zhang, Yongmei Cui and Xiaohong Ma
Bankruptcy resolution and corporate debt maturity Downloads
Zijun Cheng, Jiayin Hu, Michael Beichen Huang and Shijie Zhao
The lifespan of small and medium-sized enterprises in China: Stylized facts and influencing factors Downloads
Songrui Liu, Xiaokun Yu, Wenkang Zhang and Zhongwen Zhang
Why do Chinese SMEs avoid formal employment? Political connections and unequal access to formalization benefits11Corresponding author is Ketong Zhu. We are grateful to the editors of this special issue and the anonymous referees for their insightful suggestions. We thank Zijun Cheng, Bing Lu, Shuanghe Shang, Wenkai Sun, Zhongwen Zhang, Xiaobo Zhang and participants in 24th China Economics Annual Conference for their valuable feedback. We gratefully acknowledge the financial support from the National Natural Science Foundation of China (#72203252, #72342031, and #42293273), the Science Foundation of China University of Petroleum, Beijing (No. 2462025YJRC029), and the Program for Innovation Research at the Central University of Finance and Economics. We thank the data support from the Center for Enterprise Research of Peking University. The authors are listed alphabetically according to the last names. Authors equally share the first authorship. All errors are ours Downloads
Ruochen Dai, Yue Feng, Chengfang Liu, Langrui Li, Lina Zhang and Ketong Zhu
Can board ESG oversight promote corporate international expansion? Evidence from Chinese manufacturing firms Downloads
Qilin Cao, Muxing Li, Wenke Wang and Xiaoke Wu
Spillover effects of fertility on married women's employment: Evidence from China Downloads
Chang Hong Li and Min Qiang Zhao
Waterway infrastructure, shipping endowment and regional economic geography: Evidence from the operation of the three gorges dam Downloads
Yuanbo Liang, Jingyang Fu, Xiao Teng and Xi Qu
Patent quality and patentability requirements: Evidence from the third amendment to the Chinese Patent Law Downloads
Teng Huang and Cheryl Xiaoning Long
Does high-speed rail development impact online healthcare demand? Evidence from a large medical platform in China Downloads
Jiali Tang, Duo Xu and Hongqiao Fu
Tax reduction, wage bargaining, and income equality: Evidence from China's SMEs Downloads
Wenkai Sun, Wenjing Wang, Siyuan Tang and Zhong Zhao
Air pollution, technology seeking and firms' cross-border M&A Downloads
Shiyi Chen, Wenjie Liu and Huanhuan Wang
The impact of environmental concern on cross-regional investment: Evidence from Chinese new energy enterprises Downloads
Qilin Mao and Chongyang Guo

Volume 94, issue PC, 2025

Introduction to the special issue in honor of Martin Ravallion: Inequality, vulnerability and the middle-income trap Downloads
Shaohua Chen and Dominique van de Walle
FinTech and consumption resilience to uncertainty shocks: Evidence from digital wealth management in China Downloads
Jialin Liu, Lin Li, Dong Lu and Meihe E.
Measuring MPC heterogeneity in China: Insights from household registration reform Downloads
Yawen Gao, Lun Li and Xin Liang
Nonlinearities in the institutions-growth relationship in a dynamic panel data framework: Evidence from China’s provinces Downloads
Linda Glawe
A generative artificial intelligence approach to tracking Chinese Mainland's housing market sentiment using social media data Downloads
Zhang Wu, Michael Cheng, Philip Ng and Yixuan Wang
Cognitive ability, non-cognitive ability and occupational attainment in China Downloads
Xi Chen and Ziqi Wang
The real effect of China's narrative Central Bank Communication Downloads
Liangyuan Chen, Jianhao Lin, Xia Wang and Zixiang Zhu
The impact of household debt on the wealth distribution and inequality in China Downloads
Xuanyu Zhang and Xiaoyun Fan
Demolition, housing lock-in, and labor migration Downloads
Yan Zhang, Shuang Ma and Ding Li
Invoicing currency and settlement currency: An empirical study and implications for RMB internationalization Downloads
Tao Liu, Xiaosong Wang and Wing Thye Woo
Climate risk and household stock market participation Downloads
Yong Li, Kun Mao, Hongwu Gan and Yang Zhou
Climbing the social ladder: Clans and intergenerational mobility in China Downloads
Shuai Zhao and Linke Hou

Volume 94, issue PB, 2025

The costs of duty exemptions in processing trade Downloads
Jianpeng Deng and Zi Wang
The impact of intelligent automation on subjective well-being and job satisfaction: A comparison between standard and nonstandard employment Downloads
Hongye Sun and Gongjing Gao
Global monetary policy shocks and the adaptation of supply chains Downloads
Chang Li, Wei Li and Yuhui Shao
Political career incentives and multitasking trade-off: Evidence from setting performance targets in Chinese cities Downloads
Zhouling Bai, Pan Zhang and Hongtao Yi
Urban fragmentation and innovation collaboration: Evidence from China Downloads
Fanghao Chen, Ruichi Xiong and Shan Zhao
Robots and cost of equity: Evidence from China Downloads
Chao He, Zhongsheng Zhou, Fangfang Jian and Yuhan Qiu
The effect of broadband internet on children's weight: Evidence from China Downloads
Weisong Cheng and Hao Xu
Does party organization construction improve chinese banks' stability? Evidence from a new textual index Downloads
Lu Wei, Mingye Wei, Yifei Wu and Zhongbo Jing
Political budget cycles, government size, and the allocation of public funds: Evidence from prefectures in China Downloads
Jie Xiao, Qinghua Zhang, Brian Knight and Liutang Gong
Learning from winning firms: Government innovation procurement and peer innovation efficiency Downloads
Hui Jiang, Yu Liu and Junqi Dong
Centralized procurement authority and corporate innovation Downloads
Xiao Jia, Xiaoxi Li, Boluo Liu and Nan Shao
The nexus between digital finance and household consumption-based carbon emissions: Evidence from China Downloads
Yong Yu, Chenzhe Zhai, Debao Hu and Zicun Wang
How does non-financial firms' systemic risk affect their credit constraints? Evidence from China Downloads
Xiao-Lin Li, Wentian Qu and Guojing Qiu
Pathway to prosperity or disparity?: The impact of regional IT penetration on common wealth Downloads
Peinan Ji, Linke Guo, Lianchao Yu and Xiangbin Yan
Ownership structure, power separation and the supervisory effectiveness of independent director system Downloads
Sheng Hua and Zheng Ji
The employment effects of VAT rebate efficiency: Evidence from SMEs in China Downloads
Bing Lu, Hong Ma, Jiashu Hu and Yuan Xu
Unintended negative impact of environmental regulation on public safety: Evidence from China Downloads
Yichuan Zhang, Jiezhong Shen and Tianyun Zhu
Long-term care insurance policy and the development of elderly care enterprises in China Downloads
Tianli Yang and Zhong Zhao
Maturity mismatch and disinvestment as transmission mechanisms: Linking economic policy uncertainty to firm performance Downloads
Lifang Hu
Is government subsidy efficient? Evidence from SMEs' automation in China Downloads
Xueling Yan, Shule Yu and Xing Zheng
Econometric evaluation of the China–US trade war effects Downloads
Zongwu Cai and Jinyan Li
Narrative monetary policy expectation in China Downloads
Dandan Zhu, Xiangdong Wang and Yifan Zhang
Recovering after natural disasters: A stabilizing role of the government Downloads
Shu Liu and Yonghao Xu
Flood disasters, firm total factor productivity and adaptation behaviors Downloads
Peiting Dong and Xin Yao
The border effect of industrial development in China Downloads
Siru Chen, Guangjun Shen and Li Zhang
Founder control and breakthrough innovation: Evidence from high-tech firms in China Downloads
Zi-Qi Zhang, Bao-Jun Tang, Zhi Su and Yongji Zhang
Adverse sentiments in the American media houses towards the Belt & Road Initiative (BRI): An analysis of the taxonomy, trend, texture, and tendency Downloads
Tariq H. Malik and Jack W. Hou
Background ambiguity and intertemporal choice: An experimental study on the effect of summer vacation Downloads
Miao Jin, Jian Li, Juanjuan Meng and Jingwei Sun
Global value chain position, industrial policy, and bank loan allocation: Evidence from Chinese manufacturing firms Downloads
ShiYi Liu, HaiYue Liu and WeiKe Li
Can digital transformation expand the boundaries of the earnings potential of commercial banks? Evidence from China Downloads
Ning Zhu, Biyin Ma, Bing Wang, Xuan Tang and Zhiqian Yu
Automation and household conflict: How industrial robots reduce domestic violence risk Downloads
Weibing Li, Mingyang Li and Siyuan Chen
A measure of industrial clustering: Considering relatedness and scale Downloads
Jianqing Ruan and Xiaobo Zhang
The paradox of assistance: Chinese aid in Africa and economic expectations Downloads
Jialiang Zhu, Philip Akrofi Atitianti, Michael Appiah-Kubi and Joseph Amoah
The gig economy and household financial vulnerability Downloads
Gecheng Yuan, Weijie Lu, Xinyi Wu and Li Zhou
Improving education levels of BRI participating economies: Evidence from the Education Action Plan for the Belt and Road Initiative Downloads
Yue Pu, Xinyi Zeng and Tao Chen
Next stop innovation: Subway stations opening and spatial agglomeration of high-tech enterprises Downloads
Meng Shen, Hongfu Li, Liyuan Ma and Jie Wu
Social norms alleviate the disadvantaged positions of elderly people in charity markets Downloads
Xinrui Wu, Ziming Liu and Shuyi Feng
The role of experience in climate adaptation: Evidence from a field experiment in China Downloads
Yihong Ding, Elizabeth Robinson and Kelvin Balcombe

Volume 94, issue PA, 2025

Socially appropriate intervention: A cross-country investigation of third-party norm enforcement Downloads
Jichuan Zong, Eelke de Jong, Jianying Qiu and Jing Li
A proposed tax reform for China: Enhancing consumption and pension sustainability Downloads
Zhaoyong Chen, David Leung and Joseph Mai
How air pollution affects innovation value in China urban area? Downloads
Zhuo Chen and Kunlun Wang
The impact of negative online ratings on physician effort to improve communication: Evidence from China Downloads
Zifan Li and Xuezheng Qin
Does education affect fertility timing? Evidence from Taiwan Downloads
Yichen Shen
Climate change, electricity reliability, and energy structure: County-level evidence from China Downloads
Mingwei Yu, Fang Xia, Li Su and Feng Song
The mitigating effects of blockchain adoption on supply chain financing disruptions under crises: Evidence from China Downloads
Haolin Li, Sirui Cheng, Xiuping Hua and Yong Wang
Financial liberalization and capital allocation in China Downloads
Zhewei Zhang, Zhiwei Xu and Fangxing Zhou
Has the county-to-district reform enhanced entrepreneurial activity? Evidence from emerging cities in China Downloads
Meiling Kang, Pengkun Deng and Zhongkuang Zhao
Trade policy uncertainty and agricultural specialization: Evidence from rural household in China Downloads
Guo Dongmei, Guo Tao, Li Bing and Xie Chaoping
Private school, off-campus academic class and public school district housing premium: Evidence from a natural experiment in Hangzhou, China Downloads
Han Feng, Haimin Chen and Ke Shi
Identifying waste leakage: Behavioral responses to China’s municipal solid waste classification plan Downloads
Lue Zhan, Di Xiang and Chad Lawley
Long-term direct and spillover effects of early childhood immunization Downloads
Yongming Luo and Liqiu Zhao
The limits to growth in the AI-driven economy Downloads
Yao Hou, Jinglei Huang, Danxia Xie and Weidi Zhou
Centuries of memory: Historical disasters and modern household savings Downloads
Dongmin Yao, Aohan Xu, Shiyu Zhang and Shuguang Yu
Does food recall strategy have a positive or negative effect on trust repair? Moderation analysis based on trust violation types and trust disposition Downloads
Xiaoyan Wang, Jianyou Fu, Yixing Tian and Honghua Chen
Quantifying the distributional effects of urbanization and migration in China Downloads
Wei Tang and Lili Wang
The impact of health insurance on informal care: Evidence from China's urban-rural basic health insurance consolidation Downloads
Zhuang Hao, Renxin Bian and Yuze Wang
Does digital finance affect energy consumption structure upgrading? Evidence from Chinese rural households Downloads
Debao Hu, Yutian Lei, Chenzhe Zhai and Jiaxin Liu
Self-employment and co-villager networks of internal migrants in China Downloads
Ying Deng, Xiangjun Ma and Xin Zhao
The time-varying zone-like and asymmetric preference of central banks: Evidence from China Downloads
Chuanglian Chen, Xiaobin Liu, Jun Yu and Tao Zeng
Valuing reform: How China's stock connect programs correct firm mispricing Downloads
Yimin Shan and Yang Chen
Equity diversification as a catalyst for Artificial Intelligence innovation: Evidence from Chinese state-owned enterprises Downloads
Zhi Su, Chen Zhao, Ying Li and Zhimeng Sun
The impact of National Volume-Based Procurement policy on healthcare expenditure and provider behavior in China Downloads
Yiru Wang, Tianjun Li, Xiangshi Liu and Wenbin Zang
Monetary policy in China: High-frequency shocks and the signaling effects Downloads
Qing Liu, Wenlan Luo and Qiaoqin Xiong
Budget rollover and year-end spending in China: evidence from public procurement contracts Downloads
Yuchen Guo and Pinghan Liang
Internal finance, financial constraint, and pollution emissions: Evidence from China Downloads
Mathilde Maurel, Thomas Pernet and Zhao Ruili
The impact of the host country's imports of Chinese digital products on carbon decoupling status Downloads
Yibing Ding, Xiaoou Zhang, Ziwei Liu and Yining Sun
How geographical indication products impact agricultural economic resilience: Evidence from China Downloads
Kaicheng Liao, Chunyan Li and Lei Jiang
The effect of family size on intergenerational support for elderly parents and their life expectancy: Evidence from China’s “Later, Longer, Fewer” campaign Downloads
Cynthia Bansak, Eva Dziadula and Sophie Xuefei Wang
Limited liability, piercing the corporate veil and pollution abatement: Evidence from China Downloads
Qiyangfan Feng and Ziyue Zhang
How government fiscal decentralization shapes bank competition dynamics: City-level evidence from China Downloads
Chenzi Yang, Qinru Si, Xiaoyan Wang and Jinwei Li
Trade liberalization and manufacturing robot adoption: Evidence from Chinese free trade agreements Downloads
Fei Nie, Xiaoli Etienne, Jian Li and Hualu Hu
Inside job, Chinese style: Suspicious use of public funds under fiscal pressure Downloads
Qun Bao, Rui Huang, Guoqin Pan and Laixun Zhao
The missing rich households and wealth polarization in 21st century China Downloads
Yangcheng Yu, Shi Li and Qinghai Li
Excellent human capital or institution? Evidence from judicial reform of the judge quota system in China Downloads
Hongli Chu, Ivan Y. Sun and Jianxiong Wang
Through trials and hardships: Internal migration and locus of control among Chinese entrepreneurs Downloads
Xiaodong Zheng, Jingru Ren and Yanran Zhou
Page updated 2026-01-24