Now close to 50 percent of GDP, this paper assesses the appropriateness of China’s current investment levels. It … stand out, partly due to a surge in investment over the last decade. Moreover, its investment is significantly higher than …. However, because its investment is predominantly financed by domestic savings, a crisis appears unlikely when assessed against …

buffers. They also expanded abroad while the pace of corporate investment moderated. Regarding the latter, model estimates on … aggregate corporate investment over the post bubble period show that expectation about future profitability, in particular …