Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist … introduces the chapters comprising the NBER volume Capitalizing China (Fan and Morck, eds. 2012), which examine China's high … savings rate, banking system, financial markets, financial regulations, corporate governance, and public finances; and …

, and economic transition paths of China, Japan, the U.S., and the EU. Each of these countries/regions is entering a period … of rapid and significant aging requiring major fiscal adjustments.In previous studies that excluded China we predicted …, reducing real wages per unit of human capital. Adding China to the model dramatically alters this prediction. Even though China …

region. In terms of sheer magnitudes, China's national savings and current account surpluses dominate the region's saving … growth rates for the key emerging markets and other developing economies in Asia. China has by far the lowest share of … growth. Investment growth has dominated GDP growth in China during this decade but is also important in the cases of India …

This paper analyzes the determinants of savings in the world economy, and discusses why saving ratios have been so … uneven across countries. A distinction is made between private and government savings, using panel data for 36 countries …, from 1970 to 1992. In particular, it is assumed that government savings are not completely exogenous, and respond to both …

information from surveys of household spending and saving, reports of savings banks and insurance companies, water and sewer … authorities, and health commissioners to illuminate the connections between household savings and health improvements …

developing countries and emerging markets. This suggests that the lack of domestic savings is not the primary constraint on …

savings and investments were taxed in an arbitrary and unpredictable way, the credibility of a new regime could not be assumed …