In this paper, we present the most comprehensive estimates of China's government balance sheet to date. Based on these … to the Covid-19 pandemic. We find that, at US$12.5 trillion, China has the largest stock of financial assets in the world … over the last decade. This trend can be traced back to the turn of the century when China undertook a major restructuring …

This paper gauges the potential effects on employment of rebalancing China's exportoriented growth model toward … existing and new services as well as reorienting the production of tradable goods toward domestic markets. In China's case … paper shows that while rebalancing China's growth toward a domestic-demand-led economy would likely raise aggregate e …

Over the past decade, China's growth model has become more reliant on investment and its footprint in global imports … has widened substantially. Several economies within China's supply chain are increasingly exposed to its investment …-led growth and face growing risks from a deceleration in investment in China. This note quantifies potential global spillovers …