China has had a remarkably high ratio of investment to output throughout the period of economic reform, surpassing … almost all other economies, whether developed or developing.  The high investment rate is in turn an important proximate … investment is so high.  It considers factors both on the demand and on the supply side, and in the latter case the availability …

and investment high. This paper looks into the role played by the financial sector in the growth process of China and …

linkages between investment in fixed and working capital and financing constraints. We find that those firms characterized by … high working capital display high sensitivities of investment in working capital to cash flow (WKS) and low sensitivities … of investment in fixed capital to cash flow (FKS). We then construct and analyze firm-level FKS and WKS measures and find …

stands to gain from this decision. For our analysis, we consider the case of China’s trade, and investment relation in the … largely explained through elements of complementarities in trading and investment relationship. …

This paper proposes a possible framework for identifying excessive investment. Based on this method, it finds evidence … that some types of investment are becoming excessive in China, particularly in inland provinces. In these regions, private … consumption has on average become more dependent on investment (rather than vice versa) and the impact is relatively short …

Now close to 50 percent of GDP, this paper assesses the appropriateness of China’s current investment levels. It … stand out, partly due to a surge in investment over the last decade. Moreover, its investment is significantly higher than …. However, because its investment is predominantly financed by domestic savings, a crisis appears unlikely when assessed against …