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This article examines the effects of governance continuity on public administration efficiency with China's provincial level data. Unlike governors in some other countries, governors in China were appointed by the central government and had more flexible service term. Using a fixed effects model, this article found that the longer of governance continuity of a governor, the higher level of administration efficiency of the province. Further examinations showed that previous same-province political experiences of governors and whether they were serving in their home provinces had little effects on administration efficiency. Moreover, this article also found that governance continuity increased administration efficiency mainly by increasing public service.

Rural‐to‐urban migrants account for more than one‐third of the total population in China. However, because of China's hukou system, urban migrants can have limited access to different public services in urban areas. Consequently, this can affect their consumption and savings behaviour. However, little is known about how the hukou system changes migrants' allocation of savings across different savings instruments. In this study, we utilize the 2013 round of the Urban and Rural Residents Income Distribution and Living Conditions Survey of China to see if migrants' hukou status affects allocation between short‐term and long‐term assets. Propensity score matching is used to match migrants with migrants who have obtained urban hukou. When comparing the urban migrants having rural hukou with hukou holders who converted their hukou from rural to urban, we find that the migrants hold significantly higher proportions of savings in cash and other short‐term assets. Those who have obtained urban hukou, appear to hold a greater share of their portfolio in long‐term, higher returning assets. The differences in portfolio allocations appear to be larger for migrants with lower household income. We argue that these results are consistent with savings behaviour driven by a precautionary motive.

Rural development is critical to raise rural living standards and reduce income differences between urban and rural areas. Much literature has explored factors that could affect rural development, and we investigate the effects of bank presence in rural areas on rural income. Using Chinese provincial-level data from 2005 to 2017, we quantify the effects of bank presence on rural income. Specifically, we use the number of banks per town to measure bank presence and use rural income per capita of each province to measure rural income. With the ordinal least square model and dynamic panel estimation, we find that bank presence increases rural income. Rural income increases the same year with banks appear in town, and the effects of bank presence last for years on rural income. However, we do not find significant evidence that bank presence in rural areas also contributes to the reduction of the income difference between urban and rural areas.

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