Sectoral Market Mechanism (SMM) in China. Based on a detailed overview of domestic policy instruments under SMM, this paper … econometric analysis. The data were collected from 113 respondents in all 11 prefecture-level cities of Shanxi province, China …

Opinion over the global implications of China‘s rise is divided between critics, who see it as having developed at the … of trade and reductions to the cost of financing that stem from China‘s supply of light manufactures, its demand for … the US and Europe from China‘s successful export-oriented growth, though there are partially offsetting Keynesian effects …

the evolving situations in China and the United States. The most significant effects on governance are the needs to shift … China and the United States facilitate and/or hinder efforts to effectively manage ecosystem services?; and (ii) are there … adjustments that are both politically feasible and likely to make a difference in these terms? We conclude that while China and …

The time has come (is arguably long overdue) to develop a new basis for the World Bank's work in China. For nearly two … decades, the Bank and China have been engaged in a mutual game of ‘let's pretend’, because the annual increments to China …'s foreign exchange reserves have been larger than the Bank's annual loans to China since about 1994. Now China's national income …

This paper is motivated by the popular view that the surge in China’s foreign exchange reserves is due to a … the reserve build-up in China during 1998Q4-2011Q4. A substantial problem is that theory is consistent with employing two … in China’s case. The results suggest that mercantilism accounts for less than 10 percent of reserve accumulation …

China has embarked on an ambitious and unprecedented programme of energy reform and climate change mitigation. Yet the … motivations for this important shift remain unclear. This paper surveys key central government documents and articles by China …'s leading energy academics to investigate the ideas influencing China's new energy and climate policies. Three key ideas in …

In this paper, we aim to understand how monetary policy is conducted in China and what the main sources of fluctuations … in China’s business cycle are. To this end, we extend a standard New Keynesian dynamic stochastic general equilibrium … rule and employ a Bayesian estimation strategy using Chinese data. We find that the People’s Bank of China conducts …