This paper reviews recent literature on China's macroeconomic development, emphasizing the critical role of the … gradualist approach over the past four decades. Beyond China's structural transformation, we explore various aspects such as high … illustrates how China's gradual policy reforms, amidst highly imperfect financial markets, have effectively helped spur GDP growth …

relatively favorable demographic pattern in combination with market-oriented reforms and openness to the world economy, China is …, we assess the likelihood that China can make the necessary transition. Using data on expenditure on research and …

. This evidence suggests that intangible capital formation may play an important role in China's reform-driven transformation … no general assessment of its role in China's rapid economic growth. This paper seeks to fill this gap by estimating how … China's recent growth is then assessed using a growth accounting framework, and the results compared to similar findings for …

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 … consider policy alternatives the CCP might consider if its goal is China's elevation into the ranks of high income countries …