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A modified modulation scheme for three-level diode-clamped matrix converter under unbalanced input conditions (2018)
Journal Article
Su, M., Zhao, Z., Dan, H., Peng, T., Sun, Y., Che, R., …Wheeler, P. (2018). A modified modulation scheme for three-level diode-clamped matrix converter under unbalanced input conditions. IET Power Electronics, 11(8), https://doi.org/10.1049/iet-pel.2017.0512

The three-level diode-clamped matrix converter topology has outstanding performance under ideal operating conditions. However, input disturbance can influence the waveforms at the output side of the converter due to the direct coupling between the in... Read More about A modified modulation scheme for three-level diode-clamped matrix converter under unbalanced input conditions.

China's pawn-broking industry and the puzzle of losses during the global financial crisis in 2008-2009 (2017)
Journal Article
Zhou, L., Yao, S., Wang, J., & Ou, J. (2017). China's pawn-broking industry and the puzzle of losses during the global financial crisis in 2008-2009. China, 13(3), 128-144

Pawnbrokers in China, like those in many other countries, not only provide financial intermediation services to individuals and households to finance the shortfall between consumption and income in the short term, but also serve as a supplementary fi... Read More about China's pawn-broking industry and the puzzle of losses during the global financial crisis in 2008-2009.

A finite control set model predictive control method for matrix converter with zero common-mode voltage (2017)
Journal Article
Wang, L., Dan, H., Zhao, Y., Zhu, Q., Peng, T., Sun, Y., & Wheeler, P. (2018). A finite control set model predictive control method for matrix converter with zero common-mode voltage. IEEE Journal of Emerging and Selected Topics in Power Electronics, 6(1), 327-338. https://doi.org/10.1109/JESTPE.2017.2727501

In this paper a finite control set model predictive control method is presented that eliminates the common-mode voltage at the output of a matrix converter. In the predictive control process only the rotating vectors are selected to generate the outp... Read More about A finite control set model predictive control method for matrix converter with zero common-mode voltage.

Dynamic relationship between China’s inward and outward foreign direct investments (2016)
Journal Article
Yao, S., Wang, P., Zhang, J., & Ou, J. (2016). Dynamic relationship between China’s inward and outward foreign direct investments. China Economic Review, 40, https://doi.org/10.1016/j.chieco.2016.05.005

This paper studies the dynamic relationship of China’s inward and outward foreign direct investments (FDI). It first identifies the key determinants of China’s outward FDI (OFDI) in 172 host countries during 2003-09 using a partial stock adjustment m... Read More about Dynamic relationship between China’s inward and outward foreign direct investments.

Global financial crisis and China’s pawnbroking industry (2016)
Journal Article
Zhou, L., Yao, S., Wang, J., & Ou, J. (2016). Global financial crisis and China’s pawnbroking industry. Journal of Chinese Economic and Business Studies, 14(2), 151-164. https://doi.org/10.1080/14765284.2016.1173465

In most countries, pawnbroking is an intermediate financial instrument to help private households or individuals meet their short-term and urgent consumption needs. In China, due to market imperfection and institutional discrimination against the sma... Read More about Global financial crisis and China’s pawnbroking industry.

Financial liberalisation and international market interdependence: evidence from China’s stock market in the post-WTO accession period (2014)
Journal Article
He, H., Chen, S., Yao, S., & Ou, J. (2014). Financial liberalisation and international market interdependence: evidence from China’s stock market in the post-WTO accession period. Journal of International Financial Markets, Institutions and Money, 33, https://doi.org/10.1016/j.intfin.2014.09.005

This paper studies China’s stock market with respect to financial liberalization and international market interdependence after its accession to the WTO in 2001. Using the multi-factor R-squared measure, we derive a normalized index to measure the im... Read More about Financial liberalisation and international market interdependence: evidence from China’s stock market in the post-WTO accession period.

Housing development and urbanisation in China (2014)
Journal Article
Yao, S., Luo, D., & Wang, J. (2014). Housing development and urbanisation in China. World Economy, 37(3), https://doi.org/10.1111/twec.12105

Rapid urbanisation and rising income have led to a strong demand for housing in urban China. However, housing development has been distorted by speculation, income inequality and lack of government support for low-cost houses. In recent years, house... Read More about Housing development and urbanisation in China.

Has China displaced the outward investments of OECD countries? (2014)
Journal Article
Yao, S., & Wang, P. (2014). Has China displaced the outward investments of OECD countries?. China Economic Review, 28, https://doi.org/10.1016/j.chieco.2013.11.002

As China has rapidly emerged as one of the world's largest investors abroad, there has been a hectic debate in the literature on whether its emergence as a major foreign investor may have undermined the importance of western industrialised economies,... Read More about Has China displaced the outward investments of OECD countries?.