State of China’s State Capitalism

Juann Hung is an Associate Professor at International Business School Suzhou, Xi’an Jiaotong-Liverpool University. She has years of experience as an economist at the Federal Reserve Bank of New York, and then as the lead international analyst at the U.S. Congressional Budget Office. Her research is mainly on policy-related issues, such as effectiveness of foreign exchange intervention, macroeconomic effects of globalization, and the implications of China’s growth model. Her research has been published as book chapters, policy and issue briefs, as well as papers in leading research journals.Yang Chen is a Lecturer at International Business School Suzhou, Xi’an Jiaotong-Liverpool University, China. Her research interests mainly include urban economics, Chinese economy and development issues. She has published in leading research journals such as Cambridge Journal of Regions, Economy and Society, Urban Studies, Journal of Regional Science, Economic Letters, International Journal of Finance and Economics, Asia and Pacific Journal of Management, and Economic Modelling.

• Part I Land and Debt.- 1. Fiscal Decentralization, Yardstick Competition in Determining Chinese Local Governments’ Land Conveyance Behavior.- 2. Determinants of the Urban Investment Bonds in China.-Part II Real Estate Sector.- 3. China’s Housing Price: Where Are the Bubbles?.- 4. When Wanda Plaza Comes to the Yangtze River Delta: Will the Land Prices Increase?.- Part III Energy and Environment.- 5. Forecasting the Carbon Price in China Pilot Emission Trading Scheme: A Structural Time Series Approach.- 6. The Energy Paradox: Evidence from Refrigerator Market in China.-Part IV Income Inequality.- 7. Income Inequality in China and the Role of Fiscal Policies: An Empirical Study of Chinese Provincial Data.- 8. Does Economic Inequality Matter for Nationalism?.- 9. The Rise in China’s Gender Income Inequality.- Part V Foreign Direct Investment.- 10. Inward FDI and Economic Growth: A Comparative Analysis of China Versus India.- 11. The Role of the Exchange Rate in China’s Outward Foreign Direct Investment.- Part VI Corporate Finance.- 12. Corporate Marginal Tax Rate Estimation: Evidence Based on China’s Listed Companies.- 13. The Optimal Model for Operating Cash Flow in Chinese Industries.