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China and the World Bank - How Contrasting Development Approaches Affect the Stability of African States

Gehring, Kai - 2019

analyze a broad range of subnational stability measures in Africa. Aid by both the WB and China does not increase outright …

Persistent link: https://www.econbiz.de/10012861418

China and the World Bank : How Contrasting Development Approaches Affect the Stability of African States

Gehring, Kai; Kaplan, Lennart C.; Wong, Melvin H.L - 2019

analyze a broad range of subnational stability measures in Africa. Aid by both the World Bank and China does not increase …

Persistent link: https://www.econbiz.de/10014033178

Growing like China : firm performance and global production line position

Chor, Davin; Manova, Kalina; Yu, Zhihong - 2020 - Version of August, 2020

Global value chains have fundamentally transformed international trade and development in recent decades. We use matched firm-level customs and manufacturing survey data, together with Input-Output tables for China, to examine how Chinese firms position themselves in global production lines and...

Persistent link: https://www.econbiz.de/10012501399

Why is China Investing in Africa? Evidence from the Firm Level

Chen, Wenjie; Dollar, David; Tang, Heiwai - 2016

China’s increased trade with and investment in Africa have boosted the continent’s economic growth but have also … generated considerable controversy. In this paper we investigate China’s outward direct investment ODI in Africa using macro and … registered Chinese firms investing in Africa between 1998 and 2012. We use key words in project descriptions to code the …

Persistent link: https://www.econbiz.de/10011522440

Confucius Institute, Belt and Road Initiative, and Internationalization

Wang, Hao - 2020

In this paper, we study the role of Confucius Institute in supporting internationalization of Chinese enterprises. Employing a panel dataset containing 66 Belt-Road countries and 75 non Belt-Road countries from 2006 to 2017, we find that the Confucius Institute has had a positive effect on...

Persistent link: https://www.econbiz.de/10012826003

Renminbising China's foreign assets

Cheung, Yin-Wong; Ma, Guonan; McCauley, Robert N. - 2010

Since the 2008 global financial crisis, China has rolled out a number of initiatives to actively promote the international role of the renminbi and to denominate more of its international claims away from the US dollar and into the renminbi. This paper discusses the factors shaping the prospects...

Persistent link: https://www.econbiz.de/10010270641

Capital flight: China's experience

Cheung, Yin-Wong; Qian, Xingwang - 2010

We study the empirical determinants of China's capital flight. In addition to the covered interest differential, our empirical exercise includes a rather exhaustive list of macroeconomic variables and a few institutional factors. Overall, our regression exercise shows that China's capital flight...

Persistent link: https://www.econbiz.de/10010271971

Pegging the Renminbi to a basket: Facts, prospects and consequences

Oksanen, Heikki - 2010

On 19 June 2010 the Chinese authorities announced that the renminbi (RMB) was henceforth to be pegged to a currency basket. Yet, it has quite closely followed the USD, though having appreciated by 2.7 % by the time of writing. At the G20 Seoul Summit on 11-12 November 2010, China committed to...

Persistent link: https://www.econbiz.de/10010274952

Management of the External Value of the Renminbi

Oksanen, Heikki - 2015

Pegging the renminbi (RMB) to the US dollar since 1994 has characterised China’s exchange rate policy, under either a fixed peg or appreciating crawling peg. The current policy, announced in June 2010, of ‘floating with reference to a basket’ has now in April 2015 made the RMB 19 per cent...

Persistent link: https://www.econbiz.de/10010531800

Chinese Exchange Rate Policy : Lessons for Global Investors

Melvin, Michael - 2020

Chinese currency policy has had a strong impact on the value of investors' portfolios in recent years. On August 11, 2015, the People's Bank of China announced a new exchange rate policy where the RMB central parity rate against the USD would be determined each morning by the previous day's...

Persistent link: https://www.econbiz.de/10012825386