China's fast growth has been accompanied by rising regional inequality, triggering debate over a policy trade …-off between aggregate growth and equity. We set out a three-region model of China in which local government behavior affects local …

Financial Crisis, and China increased the growth rate of base money slightly. The resulting credit growth was very slight in US … and UK but over 100% in China. The US and UK money multipliers collapsed because the required capital adequacy ratio (CAR … it; and equals the reciprocal of the required reserve ratio when CAR is not binding. To improve China's economic …

This Written Statement presents aspects in China's corporate governance framework, state corporate ownership and … control, and the Chinese Communist Party's roles in corporate governance. It was submitted as part of a testimony before the U.S.-China … Economic and Security Review Commission, Hearing on “U.S. Investment in China’s Capital Markets and Military-Industrial Complex …