Public analysis on two-way venture capital dynamics between the US and China has been limited. As a part of the US-China Investment Project, we review US-China venture capital trends from 2000 to 2019, analyze drivers, and discuss challenges for policymakers in the current environment.

After a sharp uptick in 2018, we estimate that US greenhouse gas emissions fell by 2.1% last year based on preliminary energy and economic data. This decline was due almost entirely to a drop in coal consumption.

Local-level credit events in China are piling up, and evidence of broader stress across China’s financial system is accumulating. We take an in-depth look at city-level financial data, using disclosures from local government financing vehicle (LGFV) bond prospectus documents and city-level fiscal data.