future. China has enjoyed high annual GDP growth rates of about ten percent in the last 25 years. Exports and investment were …This paper analyzes China's economic performance in the last 25 years and discusses its prospect for growth in the …

-intensive economies such as China. To assess if the investment channel is quantitatively significant, we build a standard model with three … are not unique for China, but also apply to other economies experiencing "servici fication" of investment sector … the sectoral composition of consumption. Different from it, we argue that the "servici fication" of investment goods …