Latest Research
Latest Research
Latest Research
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Wealth heterogeneity, information acquisition and equity home bias: Evidence from U.S. household surveys of consumer finance
The well-known equity home bias has two components: an extensive and intensive margin. Using data on direct stock holdings of U.S. households, we find that the decision to participate in foreign stock markets depends on investor wealth, with richer investors more likely to participate (the extensive margin).
2021-03-22 Published by Journal of Banking & Finance -
Liu Taoxiong: Data is an Entirely New Element
At this year’s China Development Forum on March 20, 2021 in Beijing, on the topic of “New Patterns of Global Digital Governance,” Liu Taoxiong expounded upon the new characteristics of data elements and several principles of data governance.
2021-03-21 Sina Finance -
Li Daokui: The "Dual Circulation" is Necessary Part of China's New Development Paradigm
The new development paradigm with dual circulation has two backgrounds. One is the complex international environment brought up by a large population leading up to getting big before getting rich. The other is the inevitable development norm of a major economy.
2021-02-22 China Focus -
Energy Foundation CEO Zou Ji: Green Development is a Huge Business Opportunity
According to Zou Ji, firstly, China can no longer go down the path of environmental pollution to achieve growth, as the country has already passed this developmental stage. Second, green development is a huge business opportunity. Here, we must consider the following two facts: 1) China’s per capita energy consumption is far lower than that of many developed countries, and 2) Green development implies costs that are higher than the costs of unconstrained investment and subject to faster growth.
2021-01-07 Originally published in Chinese by ACCEPT on December 28, 2020, translated by ACCEPT. -
Li Ke’aobo: China’s Growth Rate Has Basically Returned to a Normal Range
As 2021 approaches, the outline of the 14th Five-Year Plan will be announced soon. During the implementation of the 14th Five-Year Plan and beyond, what are China’s prospects for growth and high-quality socioeconomic development? On December 27, Tsinghua University’s Academic Center for Chinese Economic Practice and Thinking (ACCEPT) and Tencent Finance jointly held a live online broadcast to explore this question.
2020-12-29 Originally published in Chinese by ACCEPT on December 28, 2020, translated by ACCEPT -
Feng Xuming: China's emerging generational demographic cliff: a population decrease of 110 million between the 80s-90s generation and the 00s-10s generation
The total working-age population in China began to fall after a peak around 2012, which has led to obvious changes in the macroeconomy in recent years.
2020-12-28 Excerpt from Feng Xuming's speech at the Tsinghua University Forum of China and the World Economy -
ACCEPT Report: The "Southbound Shift" of China's Economy and Population Has Been Occurring for 1,500 Years
The “Southbound Shift” of China’s economy and population has been occurring for 1,500 years; Beijing, Shanghai, Guangzhou, and Shenzhen account for 12.5% of China’s total GDP, but 5.2% of the population
2020-12-28 Xia Xutian, 21 Economics -
ACCEPT Report No.99 | Analysis of of the Macroeconomic Situation (2020/12)
The Start of the 14thFive-Year Plan: Reconfiguring Economic Geography to Enhance Domestic Circulation and Readjusting Economic and Trade Relations to Open Up New Space in the International EconomyResearch Team:David Daokui Li, Li Keaobo, Huang Zhangkai, Li Bing, Lu Lin, Guo Meixin, Long Shaobo, Feng Xuming, Shi Jinjian, Sean Xu, Fu Lin, Jin Xingye, Wu Shuyu, Hu Sijia, Chen Dapeng, Li Yusha, David Zhang, Zhou Peng, Zhang He, Lang Kun, Wang ZihangRead Full text of the Report (in Chinese):http://ww
2020-12-27 ACCEPT
