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Pages tagged by "China"

Understanding informal financing

This paper offers a framework to understand informal financing based on mechanisms to deal with asymmetric information and enforcement. It finds that constructive informal financing such as trade credits and family borrowing that relies on information advantages or an altruistic relationship is associated with good firm performance. Underground financing such as money lenders who use violence for enforcement is not. Constructive informal financing is prevalent in regions where access to bank loans is extensive, while its role in supporting firm growth decreases with bank loan availability.

Understanding the spatial disparities and vulnerability of population aging in China

Understanding the regional pattern of population aging in China enables rational policy making to address the challenges of inequity in social welfare and...

The Belt and Road Initiative: what is in it for China?

China’s outbound investment exceeded inbound investment for the first time in 2015. In years leading up this transition, a maturing demographic transition...

Three turns in the evolution of China–Russia presidential pseudo‐alliance

The unique quality of relations between Russia and China cannot be captured by the term “partnership,” but the development of high‐level ties does not...

Exploring Beijing’s Motivations and Challenges for its New Silk Road

This article argues that Beijing’s ambitious ‘Belt and Road Initiative’ (BRI) is driven by the convergence of Innenpolitik and Aussenpolitik motivations...

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