Strong Chinese output growth after the Global Financial Crisis was supported by booming credit. This credit boom carries risks. International experience suggests that China's credit growth is on a dangerous trajectory, with increasing risks of a disruptive adjustment and/or a marked growth...

Introduction / Shujie Yao. [et al.] -- 1. Development of the Chinese private sector over the past 30 years : retrospect and prospect / Hongliang Zheng and Yang Yang -- 2. Cost-profit efficiency and governance effects of commercial banks in China 1995-2005 / Chunxia Jiang and Shujie Yao -- 3....

This paper assesses the sustainability of China''s export-oriented growth over the medium to longer term. It shows that maintaining the current export-oriented growth would require significant gains in market share through lower prices in a range of industries. This, in turn, could be achieved...