Events

China Seminar

The MIT Sloan China Seminar Series—made possible by the generosity of Mr. Xianhong Wu—are held once a month, and details are listed in the schedule below. Hours for all seminars are 11:30 a.mm - 1:00 p.m., and lunch is provided. Papers are available upon request. To request papers, or for further information, please email Mengying Wu at mandywu@mit.edu.

Current Seminars

  • September 25, 2018

    Minyuan Zhao, Associate Professor of Management, the Wharton School, University of Pennsylvania

    Intellectual Property (IP) Strategies in China: A Global Perspective

    September 25, 11:30 AM-1:00 PM,

    E60-112

    Abstract: The IP environment has long been a major concern for multinational enterprises (MNEs) managing and competing in China. This talk discusses how MNEs can leverage their unique advantages and play a global game in their development, protection, and commercialization of IP in China. In particular, cross-border R&D teams, strategic choice of litigation locations, and entry decisions across the value chain are shown to reduce the impact of knowledge leakage and lower institutional risks. Meanwhile, leveraging the Chinese environment, such as the government’s promotion of strategic industries and speedy court decisions in certain technological sectors, also have important implications for the global competition among MNEs.

  • October 25, 2018

    Meg Rithmire, F. Warren McFarlan Associate Professor of Business of Administration, Harvard Business School

    Going Out or Opting Out? The Domestic Politics of Chinese Firms’ Internationalization 

    October 25, 11:30 AM-1:00 PM

    E62-550

    Abstract: Chinese overseas investment has risen exponentially in the last ten years. An earlier literature viewed Chinese OFDI as dominated by large SOEs and concentrated in extractive industries. In the last six years, however, private sector investment has accelerated and Chinese OFDI spans sectors and geographies. I draw on extensive interviews and site visits with Chinese firms, regulators, and host countries and partners as well as an original database of all overseas M&A transactions of Chinese firms over the last 18 years to examine the motivations and strategies of Chinese firms going abroad. I find that firm strategies differ according to their domestic political position, and that much of the overseas investment since 2013 can be attributed to asset expatriation strategies on the part of “crony” capital. CCP policy toward capital liberalization is also a reflection of the heterogeneity of domestic firms: swings in policy can be explained by the CCP’s desire to make different policies for different kinds of capital. The research contributes to understandings of state-business relations in China and updates our knowledge of overseas investment from China.

  • November 29, 2018

    Chang-Tai Hsieh, University of Chicago, Booth School of Business

    November 29, 2018

    E62-450

     

    We use data on owners of the universe of Chinese firms to document the following facts about the largest Chinese firms from 1995 to 2015.  1)  The largest Chinese firms are conglomerates, where the largest 500 conglomerates in 2015 have an average of 17 thousand firms, and collectively account for almost half of all registered capital of all chinese firms;  2) The largest conglomerates are linked via ownership networks; 3)  The size of the conglomerate is increasing in the size and decreasing in the productivity of capital of the firm at the "center" of the conglomerates; 5) Conglomerates are typically partnerships between private firms and state owned firms, where state owned firms are typically at the center of the conglomerates; 6) The number and size of Chinese conglomerates increased from 1995 to 2015.

  • February 14, 2019

    Ma Jun, Northeastern University

     

    February 14

    11:30 AM-1:00 PM

    E62-446

     

    Growth Cycles and Business Cycles of the Chinese Economy through the Lens of the Unobserved Components Model We build upon the most recent development in the literature and estimate a comprehensive set of univariate and bivariate Unobserved Components models to study the varying long-run growth rate and output gap of the Chinese economy for the period of 1952-2017. We find that the long-run growth rate varied substantially, and thus the growth cycles played an important role in the Chinese economy. Specifically, the long run growth rate accelerated since the late 70s, peaked in the early 90s, and since then has continuously declined except for several years right after China's entrance into the WTO. We also find that although the recent 4-trillion-Yuan economic stimulus package helped to sustain the economic growth temporarily it appeared to have accelerated the decline of the long run growth rate. We also find that the potential growth rate is estimated to be slightly above 8% as in 2017, but the output gap has become negative since 2014 and this recession at the business cycle frequency continuously deepened until the end of the sample.

  • March 7, 2019

    Shuang Zhang, University of Colorado Boulder Boulder/NYU Shanghai

     

    March 7

    11:30 AM-1:00 PM

    E62-446

  • April 11, 2019

    Nan Jia, USC Marshall

    April 11, 2019

    11:30 AM-1:00 PM

    E62-346      

  • May 9, 2019

    Marshall Meyer, Wharton University of Pennsylvania

    May 9, 2019

     

    11:30 AM-1:00 PM

    E62-446