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CX Daily: Saving Peking University's Fallen Tech Conglomerate


CX Daily: Saving Peking University’s Fallen Tech Conglomerate
Restructuring /
In Depth: Saving Peking University’s fallen tech conglomerate
Peking University Founder Group Corp. (PUFG) was once the poster child for the entrepreneurial spirit that flowed from the hallowed halls of China’s elite universities in the 1980s as reform and opening-up fever gripped the country. Today, it’s
bankruptcy reorganization after years of reckless expansion built on unsustainable debt, with some corruption thrown in for good measure.
Many of the other high-profile busted corporate flushes that have been through the bankruptcy restructuring or liquidation mill were victims of massive corruption or asset stripping by their previous owners, or weak players in their sectors or in industries with poor prospects. But PUFG has a portfolio of attractive assets in growth areas. ....

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Migration and the post-pandemic reboot of global trade | VOX, CEPR Policy Portal


Erik Brynjolfsson, Xiang Hui, Meng Liu
Protectionism has been on the rise in recent years. Brexit and the China-US trade war are but a couple of examples marking the shift from previous traditions of openness towards the mobility of people, goods, and services. There is much support for the contention that restriction of trade and imposed barriers to cross-border movement are associated with a net economic loss (Delpeuch et al. 2021). 
Amiti et al. (2019) calculated the deadweight cost of welfare following the protectionist actions by the Trump administration during the 2018 China-US trade war. The decrease in US real income amounted to approximately $6.9 billion during the first 11 months of 2018, with an additional cost imposed on domestic consumers and importers in the form of tariffs at roughly $12.3 billion.  ....

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