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Institutional Barriers and Venture Finance Under Export Controls: Evidence from China’s High-Tech Sectors


Speaker: Yikai Cao, PhD Candidate in Management Science and Engineering, Stanford University

Export control measures have emerged as a critical institutional shock reshaping global political and economic dynamics. While prior studies have focused on how institutions shape entrepreneurial behavior and firm-level responses, our study adopts an institutional theory lens to examine the impact of export controls and industrial policy on venture capital (VC) investment decisions. Integrating firm-level financing data with policy analysis, we find that following export controls, domestic VC funding increases significantly and concentrates in key technological fields. To isolate the causal effects of these regulatory changes, we employ a difference-in-differences approach. Our findings contribute to institutional theory by demonstrating how regulatory shocks reshape investor risk-return assessments and provide valuable insights for policymakers and investors navigating geopolitical tensions.


About the Workshops


Our Young Researcher Workshops offer emerging China scholars an opportunity to engage directly with interdisciplinary faculty and peers from across campus to discuss and receive feedback on their research. Each workshop features one or several PhD students presenting their latest empirical findings on issues related to China’s economy. Past topics have included college major selection as an obstacle to socioeconomic mobility, the effect of a cooling-off period on marriage outcomes, and factors contributing to government corruption. Faculty and senior scholars provide comments and feedback for improvement. This event series helps to build and strengthen Stanford’s community of young researchers working on China.

Workshops are held on select Fridays from 12 - 1 pm. Lunch will be provided! 

Visit the Young Researcher Workshops webpage for more information on the content and format of the series and to learn how to sign up to present. 

Goldman Room, Encina Hall, E409

Yikai Cao, PhD Candidate in Management Science and Engineering, Stanford University
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Yes, Standing Committee: Majority Rule in Non-Democracies


Speaker: Haokun Sun, PhD candidate, Cornell University; IvyPlus Exchange Scholar, Doerr School of Sustainability

The Chinese Communist Party (CCP) espouses a principle of collective leadership, in which the Politburo Standing Committee (PSC) makes important decisions by consensus. However, it is not known whether such a majority rule is employed in practice. This paper studies the appointment of party cadres into positions of power as a means of uncovering a general decision-making mechanism within the CCP. We provide reduced-form results showing that appointments are decided by the PSC, who selectively promote candidates in their social networks. This motivates a novel model of collective leadership in which PSC members play a coalition game to promote their preferred candidates. The majority rule is represented by a minimum constraint on the size of winning coalitions. Estimating our model, we show that appointments to positions above the vice-provincial minister level requires support from 75\% of the PSC members on average. This cut-off varies depending on the President in power, ranging from 50\% under Deng to 80\% under Jiang and Hu. Estimating political factions using modularity clustering, we find that factional penalties operate in parallel to the majority rule. Our method can be useful for understanding decision-making in non-democracies more generally.


About the Workshops


Our Young Researcher Workshops offer emerging China scholars an opportunity to engage directly with interdisciplinary faculty and peers from across campus to discuss and receive feedback on their research. Each workshop features one or several PhD students presenting their latest empirical findings on issues related to China’s economy. Past topics have included college major selection as an obstacle to socioeconomic mobility, the effect of a cooling-off period on marriage outcomes, and factors contributing to government corruption. Faculty and senior scholars provide comments and feedback for improvement. This event series helps to build and strengthen Stanford’s community of young researchers working on China.

Workshops are held on select Fridays from 12 - 1 pm. Lunch will be provided! 

Visit the Young Researcher Workshops webpage for more information on the content and format of the series and to learn how to sign up to present. 

Goldman Room, Encina Hall, E409

Haokun Sun, PhD candidate in Applied Economics, Cornell University
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Effectively Targeting Perinatal Home Visiting Interventions: Estimating Heterogeneous Treatment Effects on Infant Hemoglobin, Breastfeeding, and Diet Using Sorted Effects


Speaker: Siva Balakrishnan, PhD, University of Nevada, Reno

In this paper, we explore heterogenous treatment effects (HTE) of a stage-based home counseling intervention on exclusive breastfeeding (EBF), child hemoglobin and dietary diversity (DDS). In a cluster randomized controlled trial, pregnant women and caregivers of infants <6 months of age were enrolled in intervention or control arms in rural Sichuan, China. Community health workers delivered educational modules tailored to participants’ stage of development for 12 months. A novel sorted effects method was used to estimate HTE. Individual treatment effects were modeled by regressing baseline characteristics, treatment, and interactions thereof on outcomes. Characteristics of the 20% most and 20% least affected families were compared using multiple t-tests and adjusted p-values to identify those associated with HTE. Evidence of HTE on outcomes was strong with significant individual CATE on EBF and DDS among the 20% most affected families. Mothers with higher baseline caregiving knowledge or who gave birth vaginally saw greatest increases in EBF. Mothers pregnant at baseline or with less social support saw the most benefits on hemoglobin. Mothers with lower caregiving knowledge had greatest increases in DDS. The evidence supports the use of stage-based curricula and targeting mothers from pregnancy to obtain the greatest increases in child hemoglobin. To improve overall effects on EBF, breastfeeding modules may need to adjust content for first-time mothers and those with low caregiving knowledge. Partnering with hospital staff may improve EBF, particularly after c-section. Engaging family members to strengthen maternal social support may improve infant DDS.


About the Workshops


Our Young Researcher Workshops offer emerging China scholars an opportunity to engage directly with interdisciplinary faculty and peers from across campus to discuss and receive feedback on their research. Each workshop features one or several PhD students presenting their latest empirical findings on issues related to China’s economy. Past topics have included college major selection as an obstacle to socioeconomic mobility, the effect of a cooling-off period on marriage outcomes, and factors contributing to government corruption. Faculty and senior scholars provide comments and feedback for improvement. This event series helps to build and strengthen Stanford’s community of young researchers working on China.

Workshops are held on select Fridays from 12 - 1 pm. Lunch will be provided! 

Visit the Young Researcher Workshops webpage for more information on the content and format of the series and to learn how to sign up to present. 

Goldman Room, Encina Hall, E409

Siva Balakrishnan, PhD, University of Nevada, Reno
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We are pleased to share the publication of a new volume, Cold War Refugees: Connected Histories of Displacement and Migration across Postcolonial Asia, edited by the Korea Program's Yumi Moon, associate professor in Stanford's Department of History.

The book, now available from Stanford University Press, revisits Cold War history by examining the identities, cultures, and agendas of the many refugees forced to flee their homes across East, Southeast, and South Asia due to the great power conflict between the US and the USSR. Moon's book draws on multilingual archival sources and presents these displaced peoples as historical actors in their own right, not mere subjects of government actions. Exploring the local, regional, and global contexts of displacement through five cases —Taiwan, Vietnam, Korea, Afghanistan, and Pakistan — this volume sheds new light on understudied aspects of Cold War history.

This book is an important new contribution to our understanding of population flows on the Korean Peninsula across decades.
Paul Chang
Deputy Director, Korea Program

The book's chapters — written by Phi-Vân Nguyen, Dominic Meng-Hsuan Yang, Yumi Moon, Ijlal Muzaffar, Robert D. Crews, Sabauon Nasseri, and Aishwary Kumar — explore Vietnam's 1954 partition, refugees displaced from Zhejiang to Taiwan, North Korean refugees in South Korea from 1945–50, the Cold War legacy in Karachi, and Afghan refugees.

Purchase Cold War Refugees at www.sup.org and receive 20% off with the code MOON20.

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Stanford Next Asia Policy Lab team members and invited discussants during a roundtable discussion in a conference room.
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At a recent conference, lab members presented data-driven, policy-relevant insights into rival-making in U.S.-China relations.
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The new volume, edited by Stanford historian Yumi Moon, examines the experiences of Asian populations displaced by the conflict between the United States and the Soviet Union.

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Heather Rahimi
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Imagine one test deciding your future. For millions of students in China every year, that test is the gaokao—the national university entrance exam and one of the most competitive educational systems in the world. Published by Harvard University Press in Fall 2025, The Highest Exam: How the Gaokao Shapes China, takes readers inside this high-stakes exam and uncovers how it has shaped families, careers, and even the nation itself.

Written by leading scholars Ruixue Jia and Hongbin Li, with writer and researcher Claire Cousineau, the book combines rigorous research with compelling personal narratives to reveal how the gaokao has become much more than a test: it is a tool to shape China’s society and economy.

The gaokao has long been considered one of the world’s most consequential educational exams. Each year, tens of millions of students sit for this high-stakes test that determines access to universities, career opportunities, and pathways of social mobility. The Highest Exam traces the gaokao’s historical origins and evolution, showing how it became deeply intertwined with China’s governance, social strata, and economy. 

Through empirical analysis and personal narrative, the book illustrates how the exam system reflects broader themes in Chinese society: the pursuit of meritocracy, the tension between equality and advantage, and the state’s reliance on education to reinforce legitimacy. The authors aptly identify China’s education system as a centralized hierarchical tournament, returning to this framework in each section of the book: familystate, and society

The Highest Exam also brings a comparative lens, contrasting China’s exam-driven system with education practices in the United States and beyond. It raises urgent questions about fairness, access, and the role of education in shaping societies—questions that resonate far beyond China’s borders.

Engaging and deeply researched, The Highest Exam is essential reading for anyone interested in education, global society, or the forces shaping the next generation.



About the Authors
 

Ruixue Jia is Professor of Economics at the School of Global Policy and Strategy, University of California, San Diego.

Hongbin Li is Co-director of Stanford Center on China's Economy and Institutions, and a Senior Fellow of Stanford Institute for Economic Policy Research (SIEPR) and the Freeman Spogli Institute for International Studies (FSI) at Stanford University.

Claire Cousineau is a writer and former researcher at the Stanford Center on China’s Economy and Institutions, she is currently pursuing her MBA at Duke University.



Availability


The Highest Exam: How the Gaokao Shapes China is available now for purchase from Amazon and elsewhere.  



Upcoming Book Event


Join us on Tuesday, October 21 at 4 PM (Pacific) for a fireside chat with co-authors Ruixue Jia and Hongbin Li. The fireside chat will be held in-person in the Bechtel Conference Center and livestreamed for virtual attendees. Learn More & Register
 


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Co-authors Hongbin Li and Ruixue Jia write for the WSJ, "The Test That Rules Chinese Society: The gaokao is China’s college entrance exam, but it shapes the country and its people far beyond the classroom."
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"The Highest Exam: How the Gaokao Shapes China", written by Ruixue Jia, Hongbin Li, and Claire Cousineau, combines rigorous research with compelling personal narratives to reveal how the gaokao has become much more than a test: it is a tool to shape China’s society and economy.

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Motivation & Contribution


China has become a world leader in digital repression, including social media surveillance, internet shutdowns, website-blocking, and arrests of those posting content the Chinese Communist Party (CCP) deems threatening. These technologies have been deployed not only on Chinese citizens but have also been exported around the world, to both democracies and dictatorships. Huawei, the world’s largest — and partly state-owned — telecommunications provider, is at the center of this dynamic, having been exported to over 60 countries on every continent.

Despite the visibility of Huawei technology transfers outside of China, our understanding of how exactly this affects recipient countries is still in its infancy. Some observers see Huawei as a cornerstone of the CCP’s efforts to prop up foreign dictatorships. Others see Huawei as a source of economic growth in some of the world’s most populous and least developed countries, providing cost-effective telecommunications and infrastructure development. What is needed is systematic evidence to move beyond speculation and to better understand whether and how Huawei transfers affect repression.
 


 

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Figure 5: Internet Shutdowns

 



Erin B. Carter and Brett L. Carter help fill this crucial gap in our knowledge. Using data on all Huawei contracts across the world over a nearly twenty-year period, they find that Huawei transfers do, in fact, facilitate digital repression in the autocracies — but not the democracies — that receive them. Attempts at digital repression in democracies are more often checked by independent political institutions and legal frameworks. When these fail, civil society organizations, news media, and popular mobilization can step in. By contrast, autocrats tend to lack these constraints and can thus more readily use Huawei for digital repression. In short, the impact of Huawei transfers varies depending on regime type.

The article compellingly demonstrates the enduring role of political institutions — in this case, those enabling democratic resilience. In addition, it sheds light on one mechanism underlying the so-called global wave of autocratization, namely, Huawei transfers that enable dictators to more efficiently control their citizens. And from a methodological standpoint, the paper provides the “first cross-country, plausibly causal evidence” of the effects of Huawei on repression.

Data & Methods


The authors use data on Huawei contracts from 2000 to 2017, which comes from the AidData project. This includes 153 projects — almost entirely on communications technologies — in 64 countries worth over $1.5 billion. The vast majority of recipient countries are in Sub-Saharan Africa and Central, South, and Southeast Asia. Huawei is responsible for around 70% of all telecommunications in Africa alone. The single largest recipient of Huawei transfers is Indonesia (~$391 million of contracts), followed by Uzbekistan (~$150 million) and Cameroon (~$100 million). Notably, of the top 20 recipient countries, only one (Costa Rica) is considered “Free” by Freedom House, the rest being “Partly Free” or “Not Free.” Huawei transfers flow slightly more to democracies than to autocracies, but this is only if Indonesia is included; otherwise, transfers flow disproportionately to autocracies.
 


 

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Graphs depicting Leading Countries and Transfers Over Time

 



Carter and Carter quantify the effect of Huawei transfers on repression by using the generalized synthetic control (GSC) method. The goal is to compare those countries receiving (the “treatment”) of Huawei transfers with those in the “control group” that do not. However, comparing the treated and controlled countries or “units” is difficult for several reasons. For one, the countries that receive Huawei transfers differ from those that do not, for example, in terms of their political institutions and economic development. In addition, there is a lag of several years between receipt of Huawei and its full implementation, and the effects of Huawei transfers may take several years before they are fully realized. Similarly, transfers are staggered over time; for example, the largest number of contracts was signed as China’s Belt and Road Initiative expanded between 2014 and 2015.

Comparing (such ostensibly different) treated and controlled units can be facilitated by constructing a “synthetic” control out of multiple control units. This will more closely match the treated unit’s characteristics prior to receiving Huawei. GSC extends (or generalizes) the synthetic control method by enabling comparison across multiple time periods (given the staggered rollout mentioned above), and across countries with different backgrounds prior to adopting Huawei technologies. Separate tests are then run for autocracies and democracies to capture how political institutions influence the effects of Huawei transfers.

Findings


In addition to the central finding about regime type, the authors also provide evidence that the countries most likely to contract with Huawei are more populous and poorer. These countries are, from China’s standpoint, attractive markets, and their governments appreciate the subsidies offered by China’s Export-Import Bank. As such, transfers are driven, in part, by demand in recipient countries. In addition, recipient countries are also more likely to have received Chinese aid and, therefore, recognize the One China policy. Meanwhile, autocracies, coup-prone countries, and those rich in natural resources are not more likely to receive Huawei transfers. All of these findings should be qualified by the secrecy surrounding Huawei contracts. Indeed, many such contracts include confidentiality clauses that prohibit recipient countries from divulging information.
 


 

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Correlates of Huawei technology transfers


Correlates of Huawei technology transfers
 



Another set of findings relates to those democracies that do use Huawei to digitally repress, even if transfers do not systematically increase repression in democracies. India is an important case, as it is a world leader in periodically shutting down the internet. Unsurprisingly, democracies whose political institutions and civil society organizations have been weakened by elected leaders with authoritarian ambitions (such as Narendra Modi) seem more likely to impose shutdowns or monitor media. At the same time, weak democracies are unlikely to use Huawei to block websites or arrest their citizens for digital action. As Carter and Carter point out, this highlights the importance of disaggregating the concept of digital repression as well as the set of institutions that enable democratic resilience. Ultimately, “Exporting the Tools of Dictatorship” is exemplary in its use of systematic data to shed light on a complex and contested geopolitical issue.

*Research-in-Brief prepared by Adam Fefer.

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The Huawei logo is seen on the side of the main building at the company's production campus on April 25, 2019 in Dongguan, near Shenzhen, China.
The Huawei logo is seen on the side of the main building at the company's production campus on April 25, 2019, in Dongguan, near Shenzhen, China.
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CDDRL Research-in-Brief [4-minute read]

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As the U.S.-China competition unfolds in areas ranging from trade to technology to the military, the rival-making discourse surrounding this great power competition was the focus of the conference Beyond a New Cold War, organized and hosted by the Stanford Next Asia Policy Lab (SNAPL).

Held on August 14, 2025, the event showcased SNAPL research illuminating how U.S. political leaders and the media shape narratives concerning China and how citizens in young democracies perceive these narratives. Serving as discussants were experts from Columbia University, the University of California, Berkeley, the Hoover Institution (represented by a former National Security Affairs Fellow), and the U.S. Congressional-Executive Commission on China.

The studies presented and discussed at the conference are part of SNAPL’s U.S.-Asia Relations research track, one of four research streams the lab pursues. Housed at the Shorenstein Asia-Pacific Research Center (APARC) and founded by sociologist Gi-Wook Shin, the lab aims to generate evidence-based policy recommendations and promote transnational collaboration with academic and policy institutions to advance the future prosperity of Asia and U.S.-Asia relations.

“This conference provided an excellent opportunity to engage the policy community with our research findings,” says Shin, the William J. Perry Professor of Contemporary Korea, a senior fellow at the Freeman Spogli Institute for International Studies (FSI), and the director of APARC and the Korea Program. “The lab will continue to foster ongoing dialogue between academic and policy circles.” 

The conference builds on previous SNAPL forums and meetings with policy and academic communities in Washington, D.C., held in September 2024. These policy engagement activities are made possible thanks to a grant from FSI


Sign up for APARC newsletters to receive our experts' updates >


Xinru Ma presenting from a lectern, poninting to a screen behind her.
Xinru Ma

Dynamics of American Elite Discourse on China


At the first conference panel, Research Fellow Xinru Ma shared a study that unravels who leads elite discourse on U.S.-China relations – whether Congress, the White House, or the media. While prior research suggests that each of these actors could have distinct agenda-setting capacities, their relative influence and its directionality in foreign policy discourse remain empirically underexamined.

The study addresses this question by investigating China-focused discourse and framing by the U.S. legislative and executive branches as well as the media. Using computational and causal inference methods, the study analyzes social media data from the legislative and executive branches alongside major U.S. media outlets across two periods: the 116th Congress (January 3, 2019 – January 3, 2021) and the 118th Congress (January 3, 2023 – January 3, 2025).

The analysis reveals that, both in terms of issue attention and framing, the media tends to follow the lead of Congress and the President. The findings also indicate that Republican lawmakers exert greater influence on setting the China agenda in the media. In contrast, Democratic lawmakers are stronger predictors of how the media frames the issues at stake. Moreover, the findings suggest that presidential influence on China discourse weakened sharply in the 118th Congress, and that there is an overall shift toward party-driven, rather than institutionally mediated, communication among elites. 


Policy Implications
 

  • Media Weakness: The reliance of media outlets on partisan cues from political elites on foreign policy issues increases the risk of incomplete or skewed public understanding of China and U.S.-China relations. The risk is especially disconcerting as U.S. reporters face limited access to China.
  • Partisan Echo Chambers: Communication flows primarily within partisan networks rather than across institutions, with the separation of powers becoming less effective as a system of checks and balances. The splintering of political discourse into parallel echo chambers risks eroding opportunities for cross-party dialogue and democratic deliberation on complex foreign policy issues.
  • Fragmented Messaging: Divergent partisan messaging on China signals inconsistency to both domestic and international audiences who might draw contradictory conclusions about U.S. intentions. This dynamic gives rise to strategic miscalculations abroad and a fragmented public understanding of China policy at home.
  • Declining  Institutional Voices: The decline of institutional power over shaping U.S. discourse on China has created a growing vulnerability. As individual political figures gain sway, personalized narratives often prioritize short-term visibility over a coherent, long-term strategy.
Gidong Kim delivers a presentation in a conference room.
Gidong Kim

Democracy vs. Autocracy: A View from Young Democracies


Despite their deep divisions on most issues, there is one topic Republicans and Democrats converge on: China. Both parties increasingly frame the intensifying U.S.-China tensions as a strategic competition between democracy and autocracy. But is the value diplomacy this approach begets effective in promoting liberal values in young democracies?

At the second conference panel, Visiting Scholar Gidong Kim presented a study that addresses this question. “This study challenges the effectiveness of the value-laden U.S. diplomacy in young democracies and presents a more nuanced explanation of democracy's role in forming public opinion on foreign policy,” says Kim, formerly a postdoctoral fellow with SNAPL and currently an assistant professor of political science at Hankuk University of Foreign Studies (HUFS).

The study hypothesizes that in young democracies, where democratic histories are relatively short and legacies of authoritarian rule endure, citizens tend to understand democracy in terms of electoral institutions rather than liberal values. Similarly, in the context of the U.S.-China competition, citizens in these countries tend to perceive China’s threats to electoral institutions more seriously than its threats to liberal values.

To test this proposition, the study uses a country-level, cross-national analysis and an original survey experiment in South Korea. The findings support the hypothesis.

Policy Implications
 

  • Context Matters: U.S. policymakers must acknowledge the limits of value-driven diplomacy. Washington should diversify its foreign policy toolkit and adapt it to regional contexts: in Western Europe, liberal values rhetoric can reinforce alliances, but in young democracies, the design and strength of electoral institutions carry greater weight.
  • A Crisis of Credibility: For China, there is an equally clear lesson about the need to rethink its approach to diplomacy. Without addressing suspicions of election interference in democratic countries, Beijing will struggle to gain traction with the publics in young Asian democracies and dissipate anti-China sentiments in those countries, even if it increases its soft power through liberalization policies.


SNAPL’s studies presented at the conference underscore the crucial role that narratives and public perceptions play in international relations. They suggest that great power competition is not just about power. Rather, it is also about persuasion, which, in turn, depends on how different audiences — at home and abroad — perceive the story.

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Stanford Next Asia Policy Lab members and invited discussants at the conference "Beyond a New Cold War: Political Messaging and Public Perceptions on China" – August 14, 2025.
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At a recent conference, lab members presented data-driven, policy-relevant insights into rival-making in U.S.-China relations.

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Join us for a fireside chat with co-authors Ruixue Jia and Hongbin Li who will discuss their most recent book, The Highest Exam: How the Gaokao Shapes China. The fireside chat will be held in-person in the Bechtel Conference Center and livestreamed for virtual attendees. After the fireside chat, we invite in-person attendees to join us for a light reception and book signing with Hongbin Li. Order your copy of the book here.

Join the webinar to watch the event live:

Webinar ID: 985 1962 7327
Passcode: 361163
 


The Highest Exam book cover.

Each year, more than ten million students across China pin their hopes on the gaokao, the nationwide college entrance exam. Unlike in the United States, where standardized tests are just one factor, in China college admission is determined entirely by gaokao performance. It is no wonder the test has become a national obsession.

Drawing on extensive surveys, historical research, and economic analysis, and informed by Ruixue Jia and Hongbin Li’s own experiences of the gaokao gauntlet, The Highest Exam reveals how China’s education system functions as a centralized tournament that serves the needs of the Chinese Communist Party and drives much of the country’s economic growth. The book examines the gaokao’s far-reaching effects on China’s society and beyond. As Chinese-American families bring the expectations of the highest exam with them, their calls for objective, transparent metrics in the education system increasingly clash with the more holistic measures of achievement used by American schools and universities.



About the Authors
 

Hongbin Li

Hongbin Li is the Co-director of Stanford Center on China's Economy and Institutions, and a Senior Fellow of Stanford Institute for Economic Policy Research and the Freeman Spogli Institute for International Studies. Li obtained his Ph.D. in economics from Stanford University in 2001 before joining the economics department at the Chinese University of Hong Kong (CUHK). He was also one of the two founding directors of the Institute of Economics and Finance at the CUHK. He taught at Tsinghua University from 2007 to 2016 in the School of Economics and Management and was the founder and Executive Associate Director of the China Social and Economic Data Center. 

Li’s research has been focused on the transition and development of the Chinese economy, and the evidence-based research results have been both widely covered by media outlets and well read by policy makers around the world. He is currently the co-editor of the Journal of Comparative Economics and co-author of the book, The Highest Exam: How the Gaokao Shapes China, published by Harvard University Press.
 

Ruixue Jia headshot.

Ruixue Jia is a professor of economics at the School of Global Policy and Strategy at UC San Diego. She also serves as Co-director of the China Data Lab, executive secretary of the Association of Comparative Economic Studies (ACES) and co-chair of the China Economic Summer Institute (CESI). 

Jia’s research lies at the intersections of economics, history and politics, with a focus on how power structures evolve and shape economic development. Her recent work examines the political economy of idea formation and diffusion, including the interplay between the state, education, science and technology. She is the co-author of The Highest Exam, a book that explores how China’s education system both mirrors and molds its society.
 

Headshot of Claire Cousineau.

Claire Cousineau  is a writer and former researcher at the Stanford Center on China’s Economy and Institutions, she is currently pursuing her MBA at Duke University.

Since studying and working in Beijing and Kunming, Claire is passionate about fostering a deeper public understanding of China’s role on the global stage and creating cross-cultural relationships. Claire is the co-author of the book, The Highest Exam: How the Gaokao Shapes China, along with Hongbin Li and Ruixue Jia, published by Harvard University Press in 2025. 
 



Bechtel Conference Center
Encina Hall
616 Jane Stanford Way, Stanford University

or via Livestream

Ruixue Jia

John A. and Cynthia Fry Gunn Building, 366 Galvez Street
Stanford, CA 94305-6015

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Faculty Co-director of the Stanford Center on China's Economy and Institutions
Professor, by courtesy, of Economics
Senior Fellow at the Freeman Spogli Institute for International Studies
Senior Fellow at the Stanford Institute for Economic Policy Research
Faculty Affiliate at the King Center of Global Development
Faculty Affiliate at Stanford Institute for Human-Centered Artificial Intelligence
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Hongbin Li is the Co-director of Stanford Center on China's Economy and Institutions, and a Senior Fellow of Stanford Institute for Economic Policy Research (SIEPR) and the Freeman Spogli Institute for International Studies (FSI).

Hongbin obtained Ph.D. in economics from Stanford University in 2001 and joined the economics department of the Chinese University of Hong Kong (CUHK), where he became full professor in 2007. He was also one of the two founding directors of the Institute of Economics and Finance at the CUHK. He taught at Tsinghua University in Beijing 2007-2016 and was C.V. Starr Chair Professor of Economics in the School of Economics and Management. He also founded and served as the Executive Associate Director of the China Social and Economic Data Center at Tsinghua University. He founded the Chinese College Student Survey (CCSS) in 2009 and the China Employer-Employee Survey (CEES) in 2014.

Hongbin’s research has been focused on the transition and development of the Chinese economy, and the evidence-based research results have been both widely covered by media outlets and well read by policy makers around the world. He is currently the co-editor of the Journal of Comparative Economics and co-author of the forthcoming book, “The Highest Exam: How the Gaokao Shapes China” published by Harvard University Press.

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Cover of Autocrats vs Democrats Book

Amid the constant party divisions in Washington, DC, one issue generates stunning consensus—China—with Republicans and Democrats alike battling over which party can take the most hawkish stance toward the ascendant superpower. Indeed, far from trying to avoid a new Cold War with China, many have embraced it, finding comfort in the familiar construct, almost willing it into existence. And yet, even as politicians and intellectuals race to embrace this Cold War 2.0, many of the perils we face today are distinctly different from those of the Cold War with the Soviets. The alliance between the autocracies of China and Russia, the nature of the ideological struggle, China’s economic might, the rise of the far right in the United States and in Europe, and the growing isolationism and polarization in American society—taken together these represent new challenges for the democratic world. Some elements of the Cold War have reappeared today, but many features of the current great power competition have no analogy from the past century.

For decades Michael McFaul, former ambassador to Russia and international affairs analyst for NBC News, has been one of the preeminent thinkers about American foreign policy. Now, in this provocative work, he challenges the encroaching orthodoxy on Russia and China, arguing persuasively that the way forward is not to force our current conflict into a decades-old paradigm but to learn from our Cold War past so that democracy can again emerge victorious. Examining America’s layered, modern history with both Russia and China, he demonstrates that, instead of simplistically framing our competition with China and Russia as a second Cold War, we must understand the unique military, economic, and ideological challenges that come from China and Russia today, and the develop innovative policies that follow from that analysis, not just a return to the Cold War playbook.

At once a clarion call for American foreign policy and a forceful rebuttal of the creeping Washington consensus around China, Autocrats vs. Democrats demonstrates that the key to prevailing in this new era isn’t simply defeating our enemies through might, but using their oppressive regimes against them—to remind the world of the power and potential that our democratic freedoms make possible. 

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Professor Michael McFaul

FSI Director
"Autocrats vs. Democrats: China, Russia, America, and the New Global" is available starting October 28, 2025.
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From FSI Director, New York Times bestselling author, and former ambassador to Russia Michael McFaul comes a clear-eyed look at how the rise of autocratic China and Russia are compelling some to think that we have entered a new Cold War—and why we must reject that thinking in order to prevail. 

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Michael A. McFaul
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For years the Rural Education Action Program (REAP) has been working to improve early childhood development outcomes across rural China. One of the most impactful programs has been the development and implementation of  REAP’s parenting curriculum and parenting centers. The centers expand upon our parenting curriculum by providing free and accessible spaces where caregivers and their young children can read, play, and explore together using developmentally appropriate toys and books that promote cognitive development. REAP has now supported the development of over 150 centers at county, township, and village levels across multiple provinces. 

Recently, REAP helped establish a parenting center at the Zhengzhou Foxconn Facility serving migrant factory employees and their families. Since opening, the center has already hosted over 10,000 child visits and supported over 350 families. Following the REAP model, this parenting center combines a research-based curriculum for early childhood development with local needs. The new center has received positive media attention across several outlets in China, including Henan DailyGlobal Times, and Zhenggang News. The success of this parenting center introduces new opportunities for future parenting center collaborations that better serve manufacturing communities across China. 
 


Discover more REAP research projects on early childhood development (ECD).

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REAP helped establish a parenting center at the Zhengzhou Foxconn Facility serving migrant factory employees and their families. The center implements a research-based curriculum for early childhood development to better meet local needs. The new center has recently received positive media attention across several outlets in China.

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