While China has been pivotal in discussions and academic research on global imbalances, little is known about … the regional level inside China. We follow up by identifying the drivers of this pattern using the methodology developed … catch-up parameters, we find an investment and a saving puzzle: regions that caught up relative to the rest of China seem to …

China has experienced during the past 20 years as well as being responsible for some of the remaining barriers, the nation … rural China. Surprisingly, however, even though the potential for gain and for damage is great, almost no literature exists … rest of this paper as follows. In the first section, I will first review China's macro setting and discuss a number of the …