3. The report shows double-eleven has become the biggest shopping event for the Chinese e-commerce industry, with Taobao, Tmall and JD.com leading the way.
4. In a rigorous analysis of Dutch financial records, Koudijs and Voth conclude that the only real difference between the pessimists and the optimists was whether they had gone through a harrowing personal experience. Koudijs compares it to the behavior of people who lived through the Great Depression, and who avoided financial risk for decades after trauma had passed.
5. Exports shrank 6.1 per cent year on year in dollar terms to $209.42bn in December, according to figures from the General Administration of Customs. That fall was 2.1 percentage points more severe than a median of economist estimates and worse than a revised drop of 1.6 per cent (previously 0.1 per cent growth) in November.
西西软件园 Stanford Graduate School of Business in California rises from fifth place in 2016 to second, a position it last held in 2014. The Wharton School of the University of Pennsylvania is in third place.