Weak institutions ought to deter foreign direction investment (FDI), and mass media stories highlight China …'s institutional deficiencies, yet China is now one of the world's largest FDI destinations. This incongruity characterizes China …'s paradoxical growth. Cross-country regressions show that China's FDI inflow is not exceptionally large, given the quality of its …

, 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 …

China is the world’s largest investor and greatest contributor to global economic growth by wide margins, and will … sustain this growth. This paper shows that China’s stock market has a crucial role to play. Since the reforms of the last … decade, China’s stock market has become as informative about future corporate profits as in the US. Moreover, though it is a …