manufacturing sector of China and India. We first provide a comparison between India and China using a broad international … perspective. We find that China has increased its labor productivity to a level above that of India, but due to a somewhat higher … compensation level, China is still somewhat at a disadvantage in terms of unit labor cost in manufacturing relative to India. In …

We propose a quantitative theory of wealth creation and distribution during China's transitional growth from the early … the model matches the rise in urban China’s wealth inequality since 1995 almost exactly. We further quantify the relative … wealth, whereas the majority working class, partly due to limited investment available from an underdeveloped financial …