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Incluye bibliografía ; In this paper we provide an overview of the growth model in China and its prospects, taking a … managed capitalism in China tends to engender, as an inherent byproduct, serious imbalances which cannot be unwound without a … in China are likely to remain supportive, at least over the medium run. Although this could help mitigate the economic …
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Rebalancing growth toward domestic demand has emerged as a key postcrisis challenge for sustaining developing Asia … region's rebalancing process. What matters most for rebalancing are specific fiscal measures tailored to each country …'s unique circumstances. In this context, the paper examines the potential contribution of fiscal policy to rebalancing growth …
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constitute long-term appreciation expectations on yuan and yen, which have made China and Japan vulnerable to U.S. interest rate … cuts and appreciation expectation shocks. For both China and Japan - at different points of time - self-fulfilling runs …, speculative bubbles and post-bubble secular stagnation. To prevent a similar scenario for China capital controls, a tighter …
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This paper summarizes the main characteristics of the two major Chinese growth strategies since 1978, namely the Deng strategy (named after Deng Xiaoping) between 1978 and 2011 and the Xi strategy (named after Xi Jinping) since 2012/13. After a brief description of both strategies, I analyze in...
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China has been growing at high rates during the previous three decades. The current process of rebalancing from an … rates. We show that China's current state of structural change in terms of sectoral employment shares is similar to the … historical developments in Japan and South Korea. We derive plausible scenarios for future growth rates in China and (by …
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