Members of the NBER's Chinese Economy Working Group met March 21–22 in Shanghai. Research Associates Hanming Fang of the University of Pennsylvania, Shang-Jin Wei of Columbia University, and Wei Xiong of Princeton University organized the meeting jointly with the Fanhai International School of Finance, Fudan University, and the School of Entrepreneurship and Management, ShanghaiTech University. These researchers' papers were presented and discussed:
J. Vernon Henderson, London School of Economics; Dongling Su, Boston University; Qinghua Zhang, Peking University; and Siqi Zheng, MIT, "Local Factor Market Distortions in China"
Tao Chen, Nanyang Technological University; Yi Huang, The Graduate Institute, Geneva; and Chen Lin, University of Hong Kong, "Finance and Volatility"
Shang-Jin Wei, and Chunliu Yang, Fudan University, "Do Internet Finance Platforms Mitigate Conflicts of Interest? The Case of Mutual Fund Investment"
Kaiji Chen and Tong Xu, Emory University; Qing Wang, Southwest University of Finance and Economics; and Tao Zha, Emory University and NBER, "Aggregate and Distributional Impacts of Housing Policy: China's Experiment"
Ran Duchin, University of Washington; Zhenyu Gao, Chinese University of Hong Kong; and Haibing Shu, Shanghai Jiaotong University, "Involuntary Political Connections and Firm Outcomes"
Yan Bai, University of Rochester and NBER; Keyu Jin, London School of Economics; and Dan Lu, University of Rochester, "Misallocation under Trade Liberalization"
Guangwei Li, ShanghaiTech University, "The Role of R&D Offshoring in Knowledge Diffusion: New Evidence from China"
Sumit Agarwal, Georgetown University; Yongheng Deng, University of Wisconsin-Madison; Quanlin Gu, Peking University; Jia He, Nankai University; and Wenlan Qian and Yuan Ren, National University of Singapore, "Mortgage Debt, Hand-to-Mouth Households, and Monetary Policy Transmission"
Zheng Michael Song, Chinese University of Hong Kong; Duncan Thomas and Daniel Xu, Duke University and NBER; and Miaojun Wang, Zhejiang University, "The Rise of Modern Retail in China: An Anatomy of the Footwear Industry"
Kevin Lim, University of Toronto; Daniel Trefler, University of Toronto and NBER; and Miaojie Yu, Peking University, "Trade and Innovation: The Role of Scale and Competition Effects"
Bo Li, Tsinghua University, and Jacopo Ponticelli, Northwestern University, "Going Bankrupt in China"
Ziying Fan and Hang Zhang, Shanghai University of Finance and Economics, and Xiaxin Wang, Fudan FISF and University of Michigan, "Understanding Misreporting: Responses to a Housing Transaction Tax Notch in China"
Summaries of these papers are at www.nber.org/conferences/2019/CEs19/summary.html