"After more than three decades of average annual growth close to 10 percent, China's economy is transitioning to a 'new normal' of slower but more balanced and sustainable growth. Its old drivers of growth -- a growing labor force, the migration from rural areas to cities, high levels of...

Gross domestic product (GDP) growth in China has remained strong in 2017, exceeding market expectations. Supported by risinghousehold incomes, the growth contribution of final consumption increased further this year. At the same time, the growth contribution of fixed investment has declined...

The World Bank Economic Update provides an overview of recent economic and social developments and policies in China. Economic activity in China remains resilient, with GDP growing by 6.9 percent in 2017 and 6.8 percent year on year (yoy) in the first quarter of 2018. Consumption continues to...

The Kyrgyz economy has been, since its earliest days, the most liberal and open among Central Asian countries resulting in an atypical structural transformation with limited productivity growth. It was the first Central Asian country to become a WTO member in 1998 and its trade share in GDP is...

This paper explores the economic impacts of two related tracks of China's expected transformation-economic slowdown and rebalancing away from investment toward consumption-and estimates the spillovers for the rest of the world, with a special focus on Sub-Saharan African countries. The paper...

This paper assesses the impact of the rise of China on the trade of Latin American and Caribbean economies. The study proposes an index to measure the impact on trade, which suggests sizable effects, especially in Argentina, Brazil, Chile, Hondu

The hub-periphery development pattern of the Guangdong economy, to some extent, is a miniature of that of the Chinese economy. The Pearl River Delta, drawing from its first-nature comparative advantages in factor endowments and proximity to Hong Kong SAR, China, and Macau SAR, China, and the...

China's economy grew by an impressive 10 percent per year over four decades. Productivity improvements within sectors and gains from resource reallocation between sectors and ownership groups drove that expansion. However, productivity growth has declined markedly in recent years. This paper...

This paper aims to fill a gap in the literature on capital formation in China by estimating the capital stock in four economic sectors: business, infrastructure, government, and housing. Such a breakdown is necessary for the purpose of analysis of economic development in China, as the normal...