rates. We set up a two-country two-sector model for the US-China with two asymmetries. First, we assume that the size of … China initially is one third of the US but its size becomes half of the US in the next ten years consistent with the fast … growth expectations in China. Secondly, we assume that China initially runs a net export surplus against the US. Then we …

China's gross domestic product in U.S. dollars is higher than earlier estimates would indicate, if calculated on the … basis of purchasing power parity with the United States.China's gross domestic product per capita was only US$300 to $370 in … development, China has been one of the fastest growing economies in the world. Knowing what its true standard of living and …

argues that this strategy is causing macroeconomic problems for the People's Republic of China (PRC). Inflation is rising …, helping the People's Bank of China to implement monetary policy that is appropriate for the PRC. Since exchange rate …