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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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In this paper we attempt to explain the China Puzzle: coexistence of accelerating economic growth and worsening growth …
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Digital technology has rapidly transformed the PRC's economy over the past decade, especially in areas of e-commerce and digital finance. In many ways, digital technology changes the pattern of economic operation, as it enlarges business scale, increases economic efficiency, improves user...
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