With a focus on the entry channel, this paper investigates the role of business deregulation and financial reform in China's credit and stock markets in explaining the rapid economic growth of China over the past twenty years. A dynamic general equilibrium growth model with heterogeneous...

The authors study the sources and pattern of China's impressive economic growth over the past 25 years and show that key issues currently of concern to policymakers - widening inequality, rural poverty, and resource intensity - are to a large extent rooted in China's growth strategy, and...

It is noteworthy that China's remarkable success in economic development has occurred under a relatively statist economy, while the more liberalized economies of most other developing countries have fared far less well. This paper compares China's experience to those of other newly...

Intro -- Contents -- Preface -- Chronology of Main Events -- Introduction -- Chapter 1 China's Challenge to the Global Economic Order -- The Systemic Challenge -- Global Implications -- A New Approach -- Conclusion -- Chapter 2 China Debates Its Future -- Role of Policy Intellectuals -- Current...