“当今世界的中国”系列讲座 — 碳中和和中国经济

当今世界的中国”系列讲座 — Labor and Aging

关于“当今世界的中国”研讨会系列

在不久的将来，中国有望成为世界最大的经济体。但是，中国也面临着越来越复杂的挑战。在国内，如何平衡政府与市场之间的关系？国际上，随着中国全球影响力的不断增大，如何处理随之而来的国际纷争？

“当今世界的中国”系列讲座，旨在汇聚芝加哥大学的经济学家与世界知名的中国专家，就中国经济发展所面临的关键问题提供最新见解，讨论话题包含技术创新、金融市场、国际贸易、区域性政治挑战等。

以下时间均为北京时间。

Capital Market Development: China and Asia Seminar Series – Zombies, Again? The COVID-19 Business Support Programs in Japan

HOSTING ORGANIZERS

COLLABORATING ORGANIZERS

The authors designed and conducted a firm-level survey on the use of COVID-19-related government programs, in collaboration with Tokyo Shoko Research, LTD (TSR). Combining the survey results with the financial statements of the respondent firms, the authors investigated the factors behind the allocation of various government programs. The authors find that firms that had low credit scores before the COVID-19 pandemic were more likely to apply for and receive the subsidies and concessional loans offered by the Japanese government in 2020. Firms with low credit scores are not necessarily zombies, which are defined to be the firms that are non-viable but kept alive by assistance from creditors and/or government. The result suggests that the government assistance may have also subsidized some poorly performing firms that were not yet zombies before the pandemic.

About the Seminar Series

Financial market development goes hand-in-hand with economic growth. The development of China’s capital markets in terms of size, regulations, capability, and efficiency has been impressive. China may now even lead globally in some dimensions, notably e-payments systems. Yet, China’s capital markets are still a work-in-progress facing both generic and unique challenges. Other Asian capital markets have even greater uneven development. Some in advanced Asian economies have acquired globally acclaimed reputation and capabilities while various regulatory and structural weaknesses dwarf others. Corporations and investors have been inclined to arbitrage cross-border regulatory and developmental gaps; so the very uneven status of capital markets across Asia is a policy issue for the governments in the entire region and perhaps globally. Analyzing the positive and negative lessons in the functioning of Asia’s capital markets, and identifying reforms and applications of technology that could further improve Asian capital markets’ allocation efficiency, financial inclusion, and forewarning against reforms that might cause problems can benefit practitioners, policymakers and researchers, and can contribute significantly to overall prosperity.

The ABFER and the University of Chicago’s Becker Friedman Institute China (BFI-China), in collaboration with National University of Singapore (NUS) Business School, Shanghai Advanced Institute of Finance (SAIF), The Chinese University of Hong Kong (CUHK) Department of Economics, CUHK-Shenzhen and Tsinghua University PBC School of Finance (Tsinghua PBCSF), hope to provide a virtual network to benefit researchers, policymakers, and practitioners from Asia and beyond.

China Biweekly Seminar on Public Economics – Francesco Agostinelli

The Tsinghua University – University of Chicago Joint Research Center for Economics, in collaboration with the Becker Friedman Institute for Economics in China (BFI-China), the National Institute for Fiscal Studies (NIFS) and School of Economics and Management (SEM) at Tsinghua University, will host a virtual seminar series to inspire research and discussion on public policy issues relating to China. Focusing on a wide range of topics in public economics, the seminar will be a premier forum for frontier economic research and dialogue on Chinese economic issues.

Join us for the next seminar featuring Francesco Agostinelli (University of Pennsylvania).

All times listed below are China Standard Time.

China Biweekly Seminar on Public Economics – Nano Barahona

The Tsinghua University – University of Chicago Joint Research Center for Economics, in collaboration with the Becker Friedman Institute for Economics in China (BFI-China), the National Institute for Fiscal Studies (NIFS) and School of Economics and Management (SEM) at Tsinghua University, will host a virtual seminar series to inspire research and discussion on public policy issues relating to China. Focusing on a wide range of topics in public economics, the seminar will be a premier forum for frontier economic research and dialogue on Chinese economic issues.

Join us for this seminar featuring Nano Barahona (University of California, Berkeley).

All times listed below are China Standard Time.