, which is not conducive to countering the impact of external shocks. We show that China's macroeconomic responses to external …

China's exchange rate regime has undergone gradual reform since the move away from a fixed exchange rate in 2005. The …

Real imports in China have decelerated significantly over the last two years to below 4 percent (yoy) from double …

China''s sectoral trade composition, product quality mix, and import content of processing exports have all changed … very wide. All this suggests greater caution in using historical data to simulate the response of the China''s economy to … external shocks and exchange rate changes. Analyses based on models whose estimated coefficients largely reflect the China of …