The status of real and financial integration of China, Hong Kong, and Taiwan is investigated using monthly data on one … the parity conditions is shrinking over time. In particular, China and Hong Kong appear to have experienced significant …

In recent years wages in China have been rising and the yuan has appreciated, potentially eroding China's cost … advantage in manufactures. This paper explores the evolution of China's relative unit labor costs in manufacturing over 1998 …-2009. Between 1998 and 2003 China's unit labor costs fell, but since 2003 they have increased both absolutely and relative to US …

value of China's exports to the US responds negatively to real renminbi (RMB) appreciation, while import responds positively … reduce China's trade balance. The use of alternative exchange rate measures and data on different trade classifications …

We analyze current account imbalances through the lens of the two largest surplus countries; China and Germany. We … observe two striking patterns visible since the 2007/8 Global Financial Crisis. First, while China has been gradually reducing … these two countries, there is a remarkable reversal in the patterns of exchange rate misalignment: China’s currency has …

trade between China and the U.S. in order to avoid the well-known aggregation bias. Estimates of symmetric error … in assessing the effects of the RE misalignment on trade flows between the U.S. and China and confirms that the impacts …