China’s over 25% aggregate household saving rate is one of the highest in the world. One popular view attributes the … high saving rate to fast-rising housing prices in China. However, cross-sectional data do not show a significant … rising housing prices per se cannot explain China’s high household saving rate. Although borrowing constraints and …

China’s average household saving rate is one of the highest in the world. One popular view attributes the high saving … rate to fast-rising housing prices and other living costs in China. This article uses simple economic logic to show that … rising housing prices and living costs per se cannot explain China’s high household saving rate. Although borrowing …

China’s average household saving rate is one of the highest in the world. One popular view attributes the high saving … rate to fast rising housing prices and other costs of living in China. This article uses simple economic logic to show that … rising housing prices and living costs per se cannot explain China’s high household saving rate. Although borrowing …

"In contemplating China, we need to look past carefully crafted images and deepen our understanding of her national …

failures, China offers a unique opportunity to test the Keynesian notion that government expenditures (even as a pure waste of … aggregate resources) can have a fiscal multiplier larger than 1 on aggregate income. Perhaps even more exceptional is China … aggregate time-series data and panel data from 29 Chinese provinces, we find that the fiscal multiplier in China is larger than …

"In contemplating China, we need to look past carefully crafted images and deepen our understanding of her national …

China did not succumb to the Asian crisis of 1997-99, despite two apparent sources of vulnerability: a weak financial … vulnerability were more apparent than real. China's experience (especially its use of capital controls) does not offer a blueprint … for other countries, because other countries would not want to replicate China's inefficient, non …

China's economy is opening up to the outside world. This worries those who fear the huge pool of low-cost labor will … drain jobs from U.S. shores, and less expensive goods will spark trade problems. The author points out that China's untapped … jobs that would move to China left the U.S. a long time ago. And with respect to fair trading practices, China has made …