"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 …

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 …

China presents several macroeconomic patterns that appear inconsistent with standard stylized facts about economic …