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We apply a computable general equilibrium framework to assess likely impacts of the Lewis turning point on China and … the rest of the world. Modeling results suggest that China will probably transition from an abnormal economy to a normal … framework. China would lose competitiveness in laborintensive activities, its current account surplus should fall but …
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Chinese banks suffer from serious financial fragility manifested by high proportions of non-performing loans and low capital-adequacy ratios. A key policy introduced recently by the Chinese government to reduce financial risks is the establishment of four asset management companies (AMCs) for...
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The current account surplus of the People's Republic of China (PRC) has drawn much foreign and domestic attention. This …
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