China & World Economy Volume 30 Number 3 May–June 2022

Content

Renminbi Appreciation and China’s Industrial Upgrading

Chin-Yoong Wong, Yoke-Kee Eng 1

The Threat of Financial Sanctions: What Safeguards Can Central Banks Build?

Srichander Ramaswamy 23

The Role of Institutions: A Cross-country Analysis of Renminbi Trading in Foreign Exchange Markets

Marina Zucker-Marques, Pedro Perfeito da Silva* 42

Premiums between Cross-listed Shares: Determinants and Assessment of Financial Reform Policy Effectiveness

Xuechun Zhang, Ruihui Xu, Xue Liu 75

The Effect of Fast Internet on Employment: Evidence from a Large Broadband Expansion Program in China

Qing Wang, Wenjing Xu, Yanghua Huang, Jidong Yang 100

Does College Location Affect the Location Choice of New College Graduates in China?

Mian Huang, Chunbing Xing, Xiaoyong Cui 135

The Effects of E-Commerce on Regional Poverty Reduction: Evidence from China’s Rural E-Commerce Demonstration County Program

Yong Qin, Yingfeng Fang 161

Foreign Demand, Competition Strategy, and Export Markups: Evidence from Chinese Multi-Product Exporters

Ming Xu, Tenglong Zhong, Qian Xie, Hongkui Liu 187

Is Bilateral Value Added in Trade between China and EU Countries Efficient?

Haiou Mao, Ling Xiong 210