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on China |
| By: | Yuqing Xing (National Graduate Institute for Policy Studies, Tokyo, Japan); Peihao Yang (China Electronics Standardization Institute, Beijing, China; University of International Business and Economics, Beijing, China); Kun Cai (University of International Business and Economics, Beijing China); Zhi Wang (School of Economics and Management, Tsinghua University, Beijing, China; University of International Business and Economics, Beijing, China; George Mason University, USA) |
| Abstract: | This study analyzes the supply chains, technological independence and domestic value added (DVA) of the Chinese EV industry by tearing down two popular models: the BYD Seal and the Tesla Model 3. It is the first study to use teardown data for two representative EV models to estimate the distribution of the value added in China EVs and the tasks performed by the makers’ suppliers. We find that 92% of BYD’s suppliers are in China and 65% of them are Chinese domestic firms, which produced 82% of the parts and components embedded in the BYD Seal. The localization of Tesla Shanghai’s supply chains is even higher, with more than 96% of Tesla Shanghai's suppliers in China, and 62 local Chinese firms participating in the supply chains to produce almost half of the parts and components in Model 3. 90% of the BYD Seal’s retail price is DVA generated in China, while only 45% of the total value of the Model 3 manufactured at the Shanghai factory is attributed to China. The extensive participation of Chinese firms in supply chains BYD and Tesla implies that the Chinese EV industry has achieved technological independence in the sector. However, foreign firms remain dominant in the supply of semiconductor chips: 97% of the chips used in the Model 3 are either imported or manufactured by wholly foreign owned ventures, while more than 50% of the semiconductor chips used in the BYD Seal are procured from foreign suppliers. |
| Date: | 2025–03 |
| URL: | https://d.repec.org/n?u=RePEc:ngi:dpaper:24-15 |
| By: | Lucas, Brianna |
| Abstract: | In recent years, there have been numerous incidents of financial consumers' privacy being infringed upon, and both ordinary consumers and scholars and experts have been paying more and more attention to the protection of financial privacy. Financial privacy is the embodiment and extension of the right to privacy in the financial field, strengthening the protection of financial privacy is an important part of regulating the development of the financial industry, and it is also the main aspect of China's financial law reform. China should learn from the advanced legislative experience of Britain and the United States in the protection of financial consumers' right to privacy, and realize the all-round protection of financial consumers' right to privacy from the aspects of clarifying the concept of financial privacy, perfecting the legislation on the right to privacy, and constructing the mechanism of judicial remedy for the right to privacy. |
| Date: | 2023–12–27 |
| URL: | https://d.repec.org/n?u=RePEc:osf:osfxxx:73rqk_v1 |
| By: | Charles Kenny (Center for Global Development); Songtao Duan (Center for Global Development); Zack Gehan (Center for Global Development) |
| Abstract: | This paper tests the hypothesis that the growing proportion of World Bank contracts granted to Chinese firms, particularly in the infrastructure sector, may undermine results by exposing projects to lower standards of work. We find that such concerns are unfounded. We create a dataset of World Bank projects that merges data on contracts under the project and project features and outcomes. We examine the association between contracting features and outcomes including the proportion of contract values awarded to non-borrower firms from major supplier countries. We find that the share of project contract value awarded to Chinese firms is not a correlate with better or worse project outcomes. More broadly, borrower country features explain some variance in outcomes but indicators including sector, year, the proportion of contracts awarded competitively, and the proportion that are for goods or civil works have little explanatory value. This (non-causal) evidence is consistent with the idea that World Bank procurement rules broadly work to ensure poor contracting choices are not a major determinant of project outcomes. |
| Date: | 2025–03–18 |
| URL: | https://d.repec.org/n?u=RePEc:cgd:wpaper:715 |