also highlighted their pathological problems. This paper studies the case of China for pitfalls of a state … within China is low. Furthermore, to the extent some capital moves around the country, the government (as opposed to the …

Motivated by growing concerns about the risks and instability of China's financial system, this article reviews several … commonly perceived financial risks and discusses their roots in China's politico-economic institutions. We emphasize the need … to evaluate these risks within China's unique economic and financial systems, in which the state and non-state sectors …

We present the first comprehensive set of firm-level total factor productivity estimates for China's manufacturing …

worry that RMB appreciations are contractionary thus have negative impact on China's economic growth and employment. The … purpose of this paper is to empirically assess the effects of RMB real exchange rate on China's output. The econometric … decline in China's output, suggesting that RMB appreciations are contractionary, and that (2) once the international finance …

Concerns about the quality of China's official GDP statistics have been a perennial question in understanding its …

In 2009 and 2010, China undertook a 4 trillion Yuan fiscal stimulus, roughly equivalent to 12 percent of annual GDP …

The latest World Bank estimates of real GDP per capita for China are significantly lower than previous ones. We review … than an output-weighted measure of GDP. Taking all these together, we estimate that real per-capita GDP in China was 50 …

During episodes such as the global financial crisis and the Covid-19 pandemic, China experienced notable fluctuations … this dataset, we uncover the principal drivers of China's economic fluctuations across different episodes. In particular …