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"China in the past few years has emerged as a net foreign creditor on the international scene with net foreign assets … slightly greater than zero percent of wealth. This is surprising given that China is a relatively poor country with a capital … whether it makes economic sense for China to be a net creditor and how they see China's net foreign asset position evolving …
Persistent link: https://www.econbiz.de/10010522399
Persistent link: https://www.econbiz.de/10010523011
We estimate the size of the likely unofficial income of a household with a government official by the difference between the income that would be necessary to explain their observed home purchase behavior and the official income. Using unique and comprehensive administrative records on the House...
Persistent link: https://www.econbiz.de/10014372505
Housing and land prices in China have experienced dramatic hikes over the past decade or two. Moreover, housing and …
Persistent link: https://www.econbiz.de/10012481813
High and rising prices in Chinese housing markets have attracted global attention, as well as the interest of the Chinese government and its regulators. Housing markets look very risky based on the stylized facts we document. Price-to-rent ratios in Beijing and seven other large markets across...
Persistent link: https://www.econbiz.de/10012462467
Based on a survey that we designed and that covers a stratified random sample of 12,400 firms in 120 cities in China … regions and sectors. By our calculation, if China succeeds in allocating its capital more efficiently, it could reduce its …
Persistent link: https://www.econbiz.de/10012465551
, China's stimulus boosted real GDP growth from an annualized 6.2% in the first quarter of 2009 trough to 11.9% in the first … speed and efficacy of China's stimulus derives from state control over its banking system and corporate sector. Beijing …, fueling a real estate bubble; and that China's seemingly highly effective macroeconomic stimulus package may well have induced …
Persistent link: https://www.econbiz.de/10012461787
(4)There are no official data on residential vacancy rates in China, but some researchers have reported very high …
Persistent link: https://www.econbiz.de/10012457322
China presents several macroeconomic patterns that appear inconsistent with standard stylized facts about economic …
Persistent link: https://www.econbiz.de/10012459000
reason for this stark difference appears to be that some of the most dominant firms in China are state-owned enterprises …
Persistent link: https://www.econbiz.de/10012459899