Now close to 50 percent of GDP, this paper assesses the appropriateness of China's current investment levels. It finds … that China's capital-to-output ratio is within the range of other emerging markets, but its economic growth rates stand out …

This paper uses the Shapley Value decomposition technique to assess the factors behind the rise of inequality in China …. It finds that, in many ways, inequality may have been an inevitable by-product of China’s investment and export …. Across China’s provinces, divergences in per capita incomes are driven by the relative level of capital-intensity, public …

Now close to 50 percent of GDP, this paper assesses the appropriateness of China’s current investment levels. It finds … that China’s capital-to-output ratio is within the range of other emerging markets, but its economic growth rates stand out …

that some types of investment are becoming excessive in China, particularly in inland provinces. In these regions, private … existing trends continue, valuable resources could be wasted at a time when China’s ability to finance investment is facing … to that in manufacturing and real estate. Financial reform would facilitate such a reorientation, helping China to …

In coming decades, China will undergo a notable demographic transformation, with its old-age dependency ratio doubling … literature. Going further, we simulate global savings behavior based on our framework and find that China’s demographics should … and future policy choices. Other implications arising from China’s demography, including the growth model, the pension …