Chinese Economy.

• Position: Program and Working Group Meeting

Members of the NBER's Chinese Economy Working Group met March 21-22 in Shanghai. Research Associates Hanming Fang of the University of Pennsylvania, Shang-Jin Wei of Columbia University, and Wei Xiong of Princeton University organized the meeting jointly with the Fanhai International School of Finance, Fudan University, and the School of Entrepreneurship and Management, ShanghaiTech University. These researchers' papers were presented and discussed:

* J. Vernon Henderson, London School of Economics; Dongling Su, Boston University; Qinghua Zhang, Peking University; and Siqi Zheng, MIT, "Local Factor Market Distortions in China"

* Tao Chen, Nanyang Technological University; Yi Huang, The Graduate Institute, Geneva; and Chen Lin, University of Hong Kong, "Finance and Volatility"

* Shang-Jin Wei, and Chunliu Yang, Fudan University, "Do Internet Finance Platforms Mitigate Conflicts of Interest? The Case of Mutual Fund Investment"

* Kaiji Chen and Tong Xu, Emory University; Qing Wang, Southwest University of Finance and Economics; and Tao Zha, Emory University and NBER, "Aggregate and Distributional Impacts of Housing Policy: China's Experiment"

* Ran Duchin, University of Washington; Zhenyu Gao, Chinese University of Hong Kong; and Haibing Shu, Shanghai Jiaotong University, "Involuntary Political Connections and Firm Outcomes"

* Yan Bai, University of Rochester and NBER; Keyu Jin, London School of Economics; and Dan Lu, University of Rochester, "Misallocation under Trade Liberalization"

* Guangwei Li, ShanghaiTech University, "The Role of R&D Offshoring...