China features state owned enterprises (SOEs) that pursue a "double bottom line". They simultaneously seek to earn profit and to please the powerful Central Government. Relative to their private sector counterparts, these Chinese SOE firms receive special treatment.
The new issue of the Economist includes an excellent Free Exchange column titled Lose-Lose Ordeal with the heading; "New research counts the costs of the Sino-American trade war".
An excellent new NBER Working Paper titled "Mandated vs. Voluntary Adaptation to Natural Disasters: The Case of U.S Wildfires" has been published.
