Just when China’s leaders receive conflicting signals of “overheating” and “below-potential growth”, they encounter … challenges have their roots in China’s inadequate marketization and continued discrimination against the domestic private sector … themselves into nonperforming loans. In partially-reformed China, public-directed investments via the state enterprises tend to …

This paper links banking with asset prices in a monetary macroeconomic model. The main innovation is to consider how … falling asset prices affect the banking system through wide-spread borrower default, while deriving explicit solutions and …-linear, and involves feedback from the banking system in the form of credit contraction. When borrowers repay, the effect ‘passes …

mainly to fast increase of inputs. Young (2000) also estimated the TFP growth rate of China to be 1.4% per year during the … the non-agricultural economy (of China) during the reform period is respectable, but not outstanding.' China's real GDP …

about the extent of initial poverty and the rate of subsequent poverty reduction in China, India, and the rest of the … the extent and trend of poverty in China, India, and the rest of the developing world, world poverty may or may not have …

economic outcomes in China. In this article, we construct a set of (rural, urban, total) provincial- level spatial price … provide illustrations of the significant effect of ignoring spatial price differences in the analysis of China’s economy. …

We link banking and asset prices in a simple monetary macroeconomic model. Our main innovation is to consider how wide …-spread default affects the banking system. We find that the interaction of credit, asset prices, and loan losses explains a complete … whether a capital crunch, financial instability, or a banking crisis occurs. But self-fulfilling capital crunches and banking …