Chinese Economy Working Group Meeting
Organized by Hanming Fang, Shang-Jin Wei, and Wei Xiong
March 21-22, 2019
Fudan Fanhai International School of Finance, 318 Zhongshan South Road, 10th Floor, Shanghai, China
Thursday, March 21
8:00 am
Registration
8:30 am
Opening Remarks

Shang-Jin Wei (Columbia, Fudan FISF and NBER) and Hanming Fang (Penn, ShanghaiTech SEM and NBER)
8:40 am

Trade and Innovation: The Role of Scale and Competition Effects

Kevin Lim, University of Toronto
Daniel Trefler, University of Toronto and NBER
Miaojie Yu, Liaoning University

Discussant:
Hong Ma, Tsinghua University
9:40 am
Coffee/Tea Break
10:00 am

Local Factor Market Distortions in China

J. Vernon Henderson, London School of Economics and Political Science (LSE)
Dongling Su, Boston University
Qinghua Zhang, Peking University
Siqi Zheng, Massachusetts Institute of Technology

Discussant:
Xiyi Yang, ShanghaiTech University
11:00 am

Misallocation under Trade Liberalization

Yan Bai, University of Rochester and NBER
Keyu Jin, London School of Economics and Political Science (LSE)
Dan Lu, The Chinese University of Hong Kong (CUHK)

Discussant:
Chang Ma, Fudan University
12:00 pm
Lunch
1:30 pm

Finance and Volatility

Tao Chen, Nanyang Technological University
Yi Huang, Fudan University
Chen Lin, The University of Hong Kong (HKU)

Discussant:
Bohui Zhang, The Chinese University of Hong Kong, Shenzhen (CUHK–SZ)
2:30 pm

Do Internet Finance Platforms Mitigate Conflicts of Interest? The Case of Mutual Fund Investment

Shang-Jin Wei, Columbia University and NBER
Chunliu Yang, Fudan University

Discussant:
Hong Zhang, Tsinghua PBC
3:30 pm
Coffee/Tea Break
3:50 pm

The Role of R&D Offshoring in Knowledge Diffusion: New Evidence from China

Guangwei Li, ShanghaiTech University

Discussant:
Zonglai Kou, Fudan University
4:50 pm

The Rise of Modern Retail in China: An Anatomy of the Footwear Industry

Zheng Michael Song, The Chinese University of Hong Kong (CUHK)
Duncan Thomas, Duke University and NBER
Miaojun Wang, Zhejiang University
Daniel Xu, Duke University and NBER

Discussant:
Xiaobo Zhang, Peking University
5:50 pm
Adjourn
6:30 pm
Reception/Dinner - Riverview Hotel Shanghai (Ballroom 4F)
Friday, March 22
8:30 am

Mortgage Debt, Hand-to-Mouth Households, and Monetary Policy Transmission

Sumit Agarwal, National University of Singapore
Yongheng Deng, University of Wisconsin - Madison
Quanlin Gu, Peking University
Jia He, Nankai University
Wenlan Qian, National University of Singapore
Yuan Ren, Zhejiang University

Discussant:
Yi Huang, Fudan University
9:30 am
Coffee/Tea Break
10:00 am

Aggregate and Distributional Impacts of Housing Policy: China's Experiment

Kaiji Chen, Emory University
Qing Wang, Southwest University of Finance and Economics
Tong Xu, Southwestern University of Finance and Economics
Tao Zha, Emory University and NBER

Discussant:
Bo Zhao, Peking University
11:00 am

Going Bankrupt in China

Bo Li, Tsinghua University
Jacopo Ponticelli, Northwestern University and NBER

Discussant:
Cong Wang, The Chinese University of Hong Kong, Shenzhen (CUHK–SZ)
12:00 pm
Lunch
1:30 pm

Understanding Misreporting: Responses to a Housing Transaction Tax Notch in China

Ziying Fan, Shanghai University of Finance and Economics
Xiaxin Wang, Fudan University
Hang Zhang, Shanghai University of Finance and Economics
2:30 pm
Coffee/Tea Break
3:00 pm

Involuntary Political Connections and Firm Outcomes

Ran Duchin, University of Washington
Zhenyu Gao, The Chinese University of Hong Kong (CUHK)
Haibing Shu, Shanghai Jiaotong University

Discussant:
Ninghua Zhong, Tongji University
4:00 pm
Adjourn
Instructions to the presenters and discussants:
25 minutes per paper presentation.
15 minutes of discussion (the discussant could skip a summary of the paper if it is not a new way of looking at the issue).
Balance of the time: general discussion.
Emergency Contacts in Shanghai:
Ms. Ying Wang (Fudan University) yingw@fudan.edu.cn
Ms. Linda Sun (ShanghaiTech University) sunym@shanghaitech.edu.cn
Map of the campus and hotel