This paper aims to fill a gap in the literature on capital formation in China by estimating the capital stock in four … of economic development in China, as the normal models of economic development are based on a competitive economy, which … gross domestic product in China is very poorly measured. Although the results of this analysis can only be approximate, as …

China is to rebalance growth towards relying more on consumption and less on exports and investment, banking sector reforms …This paper uses the standard one-sector neoclassical growth model to investigate why China''s consumption has been low … and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts …

China's commercial banks have developed at a very rapid speed in recent decades. However, with global economic … studies only consider the internal factors of banks, and neglect their external economic factors. This study thus adopts an … efficiency of state-owned commercial banks (SOCBs), joint-stock commercial banks (JSCBs), and urban commercial banks (UCBs) in …