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How do state-controlled broadcasters reach foreign publics to engage in public diplomacy in the era of social media? Previous research suggests that features unique to social media, such as the ability to engage in two-way communication with audiences, provide state-controlled broadcasters new opportunities for online public diplomacy. In this paper, we examine what strategies were used by four Chinese state-controlled media outlets on Twitter to reach foreign publics as the Chinese Communist Party worked to expand its public diplomacy and international media outreach efforts. We find that all outlets increased the volume and diversity of content while none engaged in interactive, two-way communication with audiences, and none appeared to artificially inflate their follower count. One outlet, China Global Television Network, made outsized gains in followership, and it differs from the other Chinese outlets in that it was rebranded, it disseminated a relatively lower share of government-mandated narratives pertaining to China, and the tone of its reporting was more negative. These results show that during a period when Chinese state-controlled broadcasters gained followers on Twitter, outlets made limited use of features unique to social media and instead primarily used social media as a broadcast channel.

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Political Communication
Authors
Jennifer Pan
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The Stanford Center on China’s Economy and Institutions and Asia Society Policy Institute’s Center for China Analysis co-organized a closed-door roundtable on the extent, causes, and implications of China’s current property sector slowdown. The roundtable focused on China’s property sector, which has been a major engine of economic growth in China for over three decades. Through its large impact on local government revenues, the financial sector, household wealth, and employment, the property sector plays an outsized role in China’s economy – far more than in most other countries. 

By 2021, however, there were signs that China’s property sector may be reaching a peak, and even beginning to contract, potentially signifying wider distress in the economy. The property sector exemplifies an investment-driven growth model that China has pursued for the past few decades, and the policy responses to the current property downturn also has implications for how and whether China can transition toward an alternative, high-quality growth model less reliant on the property sector.  

The summary report of the roundtable, conducted under the Chatham House Rule, details the in-depth discussion that centered on four key questions:

  1. How sharp and sustained will the slowdown in China’s property sector be?
  2. What are the most important determinants of this slowdown: government policy or structural factors? 
  3. What are the implications of China’s property slowdown for other areas of China’s economy? 
  4. What can China do to offset risks and negative consequences associated with the property slowdown?

     


 

In partnership with Asia Society Policy Institute's Center for China Analysis

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2023 China Business Conference: Washington’s View of China

SCCEI’s Impact Team attended the 13th Annual China Business Conference held in Washington, D.C. in May 2023. The team shares insights from the conference on issues raised surrounding the troubled U.S.-China relationship.
2023 China Business Conference: Washington’s View of China
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Scholars Gather for Roundtable to Analyze Causes, Prospects, and Challenges of China’s Common Prosperity Program

SCCEI joins forces with the Asia Society Policy Institute (ASPI) to convene private roundtables comprised of social science experts who conduct data-intensive research into timely issues confronting China’s economy.
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Washington DC capitol buildings.
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US-China Business Council President Shares Insights on US-China Relations in Private Roundtable

SCCEI hosted a private roundtable discussion with the president of the US-China Business Council, Craig Allen, and a select group of Stanford faculty and business leaders, discussing technology competition and the shifting business environment between the US and China.
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The Stanford Center on China’s Economy and Institutions and Asia Society Policy Institute’s Center for China Analysis co-organized a closed-door roundtable on the extent, causes, and implications of China’s current property sector slowdown and produced a summary report of the discussion.

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China's higher education system has undergone a rapid expansion over the last two decades. By drawing on hand-collected data, we explore students' experiences in college and in the labor market post-graduation in the wake of this expansion. According to our data, the largest employer of college graduates in the labor market was the state sector, followed by the domestic private sector. To explain the returns to college education in China, we explore three mechanisms: human capital, social networks, and signaling. We find that human capital measures, apart from a student's college English test scores, cannot explain the college wage premium, whereas both social networks (for example, membership of the Communist Party) and signaling matter significantly. This seems to indicate that in China, connections are crucial for student success in the labor market, whereas the higher education system itself is more a system for selecting talented individuals than it is for educating them. Finally, students allocate their time accordingly, for example, by spending more time studying English in college than any other subject.

Journal Publisher
Asian Economic Policy Review
Authors
Hongbin Li
Huan Wang
Claire Cousineau
Matthew Boswell
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SCCEI Seminar Series (Spring 2024)


Friday, May 10, 2024 | 12:00 pm -1:20 pm Pacific Time
Goldman Room E409, Encina Hall, 616 Jane Stanford Way



The US-China Trade War: Quantify the Negative Shocks to Local Housing Markets and Land-Based Finance in Chinese Cities


China’s real estate market has experienced two decades of “golden age” with soaring housing prices ever since the housing marketization. Tax-sharing and land reforms eventually made city governments heavily rely on land sales (state-land use-right transfers) to generate fiscal revenues for expenditures; the so-called “land-based finance” or “land finance” sustained through self-fulfilling prophecy of housing price and land value appreciations supported by fast urbanization and economic growth. However, the US-China trade war started in 2018 and caused a drastically negative and exogenous shock to this feedback loop in Chinese cities, however. This research studies the trade war’s impacts on local housing markets and land-based finance. It constructs a shift-share measure transmitting the macro tariff changes to city-specific heterogeneous negative shocks. Analyses apply prefecture-city data spanning 2016-2019 and show that the tariffs were destructive to local housing markets and land finance besides hitting production. When cities experienced an extra percentage point (pp) of the weighted average tariff rate, transacted housing dropped by 3% and the prices fell by 1.2%, all else equal. The housing market tumbles deterred developers from buying state lands. The extra pp of the tariffs thus decreased the city government’s land-sale revenues by 7.6%. As Chinese cities faced, on average, a 1.62 pp increase in the average tariffs and, at the extreme, a 10.4 pp change within a year upon the trade war, impacts were substantial in hitting local housing markets and draining local public finance. Land-sale revenue declines between 12% to 79% were not uncommon. Further analysis reveals the more resilient cities in this trade-war were those with less severe overbuilding aka ghost-town phenomenon, a more diversified industrial base or export destinations, or a stronger tertiary sector. Overall, the US-China trade war could have more adversely impacted housing markets and local public finance in smaller cities than in big cities.

Please register for the event to receive email updates and add it to your calendar. Lunch will be provided.



About the Speaker 
 

Siqi Zheng headshot

Dr. Siqi Zheng is the STL Champion Professor of Urban and Real Estate Sustainability at the Center for Real Estate, and Department of Urban Studies and Planning at Massachusetts Institute of Technology (MIT). She is the faculty director of the MIT Center for Real Estate. She established MIT Sustainable Urbanization Lab in 2019, and MIT China Future City Lab in 2017, and is the faculty director of her Lab.Prof. Zheng was the former President of Asian Real Estate Society (2018-2019) and is on its Board now, and she is also on the Board of American Real Estate and Urban Economics Association (AREUEA). She is the Co-Editor of Journal of Regional Science, and Environmental and Resource Economics. She is also the Associated Editor of China Economic Review, and Journal of Economic Surveys, and is on the editorial board of Real Estate Economics, Journal of Housing Economics and Journal of Real Estate Finance and Economics. 

Prof. Zheng’s field of specialization is urban and environmental economics and policy, including sustainable urbanization, sustainable real estate, and urbanization in emerging economies. She published in many peer reviewed international journals including the Proceedings of the National Academy of Sciences, Nature Human Behaviour, and the Journal of Economic Literature, Journal of Economic Perspectives, Journal of Economic Geography, European Economic Review, Journal of Urban Economics, Regional Science and Urban Economics, Transportation Research Part A, Environment and Planning A, Ecological Economics, Journal of Regional Science, Real Estate Economics, Journal of Real Estate Finance and Economics. A book she has co-authored with Matthew Kahn, Blue Skies over Beijing: Economic Growth and the Environment in China (Princeton University Press) was published in 2016. Dr. Zheng has completed or been undertaking research projects granted or entrusted by the World Bank, the MassCPR, MITEI, MIT Portugal, MIT MCSC,  the Asian Development Bank, the Lincoln Institute of Land Policy, among others. She won the MIT Frank E. Perkins Award for Excellence in Graduate Advising in 2022. She received her Ph.D. in urban development and real estate from Tsinghua University in 2005, and did her post-doc research at the Graduate School of Design at Harvard University. Prior to coming to MIT, she was a professor and the director of Hang Lung Center for Real Estate at Tsinghua University, China.
 


A NOTE ON LOCATION

Please join us in-person in the Goldman Conference Room located within Encina Hall on the 4th floor of the East wing.



Questions? Contact Xinmin Zhao at xinminzhao@stanford.edu
 


Goldman Room E409, Encina Hall

Siqi Zheng, Professor of Urban and Real Estate Sustainability, Massachusetts Institute of Technology
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SCCEI Seminar Series (Winter 2024)



Friday, February 9, 2024 | 12:00 pm -1:20 pm Pacific Time
Goldman Room E409, Encina Hall, 616 Jane Stanford Way


What Makes a Desirable Spouse in China? New Evidence from a National Survey Experiment

 

Drawing on national survey experiment data from the 2021 Chinese General Social Survey, this research examines never-married people’s spouse preferences. The findings show how multiple characteristics of fictional marriage candidates – age, appearance, parents’ rural/urban status, education, income, and homeownership – shape men’s and women’s evaluation of the candidates’ desirability. They underscore a need to comprehensively assess the relative importance of multiple characteristics of a marriage candidate in shaping individuals’ spouse preferences. In addition, both men and women prefer a better-looking spouse with higher socioeconomic status and more resources. The findings suggest that widely observed hypergamous and homogamous unions do not reflect the preferences of both spouses, thereby cautioning against inferring individual preferences from assortative mating outcomes. Last, the findings show that individuals’ spouse preferences are embedded in and differ between China’s rural and urban marriage markets. This research demonstrates the importance of directly examining spouse preferences in clarifying the mechanisms of marital sorting.

Please register for the event to receive email updates and add it to your calendar. Lunch will be provided.



About the Speaker 
 

Yue Qian headshot

Yue Qian is an Associate Professor of Sociology at the University of British Columbia, Canada. She received her PhD in Sociology from the Ohio State University. Her research concerns inequality at the intersection of gender, family, and work in East Asia (China in particular) and North America. Currently, this work follows two lines of inquiry: (1) how mate selection and couple dynamics in intimate relationships reflect and shape gender inequality in the broader society; and (2) how social and mental health inequalities manifest and evolve in the COVID-19 pandemic. Dr. Qian has published over 50 peer-reviewed journal articles since 2014. Her work has appeared in top journals, such as Nature Human Behaviour, American Sociological Review, Social Forces, Journal of Marriage and Family, Journal of Health and Social Behavior, and Gender & Society.
 


A NOTE ON LOCATION

Please join us in-person in the Goldman Conference Room located within Encina Hall on the 4th floor of the East wing.



Questions? Contact Xinmin Zhao at xinminzhao@stanford.edu
 


Goldman Room E409, Encina Hall

Yue Qian, Associate Professor of Sociology, University of British Columbia, Canada
Seminars
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SCCEI Seminar Series (Winter 2024)



Friday, January 19, 2024 | 12:00 pm -1:20 pm Pacific Time
Goldman Room E409, Encina Hall, 616 Jane Stanford Way


The Law and Economics of Lawyers: Evidence from the Revolving Door in China’s Judicial System
 

This paper studies the roles of lawyers in shaping judicial and economic outcomes, exploiting the unique setting of “revolving-door” lawyers in China’s judicial system. By compiling the first comprehensive dataset covering the universes of judges, lawyers, law firms, litigants, and lawsuits in China from 2014 to 2022, we identify over 14,000 judges who left their positions and joined private law firms as lawyers, which accounts for 6.5% of all judges (2.6% of all lawyers) nationwide. We document four main empirical patterns. First, in both criminal and commercial lawsuits, these revolving-door lawyers enjoy significant advantages in securing favorable court decisions for their clients. Second, leveraging intra-lawyer variation in performances at home vs. away courts, we show that the premium of revolving door lawyers comes from both “know who” and “know how.” Third, revolving-door lawyers add significant values to their firms beyond their roles as frontline lawyers, by mentoring junior colleagues and attracting larger clients. Fourth, the revolving door lawyers, by joining larger law firms that disproportionately serve rich individuals and large corporates, could exacerbate existing socio-economic inequalities in China.

Please register for the event to receive email updates and add it to your calendar. Lunch will be provided.



About the Speaker 
 

Shaoda Wang headshot

Shaoda Wang is an Assistant Professor at the University of Chicago Harris School of Public Policy, and a Faculty Research Fellow at the National Bureau of Economic Research (NBER). He also serves as the Deputy Faculty Director at the Energy Policy Institute at UChicago, China center (EPIC-China). He is an applied economist with research interests in development economics, environmental economics, and political economy. His main research agenda aims at understanding the political economy of public policy, with a regional focus on China.

He holds a BA from Peking University, and a PhD from the University of California, Berkeley. Prior to joining Harris, he was a Postdoctoral Scholar in the Department of Economics and Energy Policy Institute (EPIC) at the University of Chicago.
 


A NOTE ON LOCATION

Please join us in-person in the Goldman Conference Room located within Encina Hall on the 4th floor of the East wing.



Questions? Contact Xinmin Zhao at xinminzhao@stanford.edu
 


Goldman Room E409, Encina Hall

Shaoda Wang, Assistant Professor at the Harris School of Public Policy, University of Chicago
Seminars
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SCCEI Seminar Series (Fall 2023)



Friday, December 1, 2023 | 12:00 pm -1:20 pm Pacific Time
Goldman Room E409, Encina Hall, 616 Jane Stanford Way


Social Media and Government Responsiveness: Evidence from Vaccine Procurement in China


This research studies how public opinion on social media affected local governments' procurement of vaccines in China during 2014-2019. To establish causality, we exploit city-level variation in the eruption of online opinion on vaccine safety, instrumented by quasi-random early penetration of social media. We find that governments in cities exposed to stronger social media shocks increased the share of more transparent procurement and reduced home bias by procuring more vaccines from nonlocal producers. The effect is driven by posts expressing anti-government sentiment instead of posts containing investigative information and is larger in cities where local officials face higher top-down political pressure.

Please register for the event to receive email updates and add it to your calendar. Lunch will be provided.


About the Speaker 
 

Yanhui Wu headshot

Yanhui Wu is an economist whose research concentrates on two areas: media economics and organizational economics. In media economics, he studies the political economy of mass media, particularly the underexplored subject of the media in China. In organizational economics, his research focuses on the organization of knowledge-intensive activities, particularly in the digital economy. Recently, he has worked with data scientists to develop new big data methods and apply them to the social sciences. His work has been published at top economics, management, and statistics journals, including the American Economic Review, Review of Economics and Statistics, Economic Journal, Journal of Economic Perspectives, Management Science, Organization Science, and the Journal of American Statistical Association.

Yanhui Wu is Associate Professor of Economics at the University of Hong Kong and Research Fellow of the Centre for Economic Policy Research (CEPR). Previously, he was Assistant Professor of Finance and Business Economics at the University of Southern California. He received his Ph.D. in economics from the London School of Economics in 2011. Prior to his doctoral study, he was an award-winning financial journalist in China.
 


A NOTE ON LOCATION

Please join us in-person in the Goldman Conference Room located within Encina Hall on the 4th floor of the East wing.



Questions? Contact Xinmin Zhao at xinminzhao@stanford.edu
 


Goldman Room E409, Encina Hall

Yanhui Wu, Associate Professor of Economics, University of Hong Kong
Seminars
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