China has achieved tremendous economic progress in the last three decades, but there is much work to be done to make … the economy resilient to large shocks, ensure the sustainability of its growth, and translate this growth into … in striking the right balance in terms of speed and coordination of reforms. We argue that China's current stage of …

benign international environment, this approach makes it unlikely that the economy will face a collapse in growth. But there …, especially those related to having an open capital account, do not loom large in the case of China. In the process of securing …

China's remarkable run of persistently high growth in recent decades is all the more stunning in light of the country …'s low levels of financial and institutional development, state-dominated economy, and nondemocratic government …. Notwithstanding the inefficient and risky growth model, the government has maneuvered the economy around various stresses without any …