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We apply a computable general equilibrium framework to assess likely impacts of the Lewis turning point on China and … the rest of the world. Modeling results suggest that China will probably transition from an abnormal economy to a normal … framework. China would lose competitiveness in laborintensive activities, its current account surplus should fall but …
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The global currency system is likely to change significantly after the global financial crisis, but decline of the U.S. dollar may be a gradual process. These would impact the Peoples Republic of Chinas (PRC) renminbi policy, which, in turn, may generate feedbacks on the global system. The PRC...
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In this paper we attempt to explain the China Puzzle: coexistence of accelerating economic growth and worsening growth …
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