China’s over 25% aggregate household saving rate is one of the highest in the world. One popular view attributes the … high saving rate to fast-rising housing prices in China. However, cross-sectional data do not show a significant … rising housing prices per se cannot explain China’s high household saving rate. Although borrowing constraints and …

"In contemplating China, we need to look past carefully crafted images and deepen our understanding of her national …

failures, China offers a unique opportunity to test the Keynesian notion that government expenditures (even as a pure waste of … aggregate resources) can have a fiscal multiplier larger than 1 on aggregate income. Perhaps even more exceptional is China … aggregate time-series data and panel data from 29 Chinese provinces, we find that the fiscal multiplier in China is larger than …

"In contemplating China, we need to look past carefully crafted images and deepen our understanding of her national …

The two Asian giants have achieved rapid and sustained growth -- China by focusing on goods, India by tilting toward …

Some commentators have questioned whether China’s economy slowed more in 2012 than official gross domestic product … non-Chinese sources. These alternative domestic and foreign sources provide no evidence that China’s economic growth was …

Remarks before Tsinghua University's School of Economics and Management, Beijing, China, April 17, 2009. ; "The Federal …