China''s growth record since the start of its economic reforms in 1978 has been extraordinary. Yet, this impressive … to analyze the variation in labor productivity growth across China''s provinces. This approach imposes less structure on … convergence in labor productivity across China''s provinces during 1978-98. However, our results show that provinces converged in …

Interest rates in China comprise a mix of both market determined interest rates (interbank rates and bond yields), and … regulated interest rates (lending and deposit rates), reflecting China''s gradual process of interest rate liberalization. We …

This paper gauges the potential effects on employment of rebalancing China''s exportoriented growth model toward … existing and new services as well as reorienting the production of tradable goods toward domestic markets. In China''s case … paper shows that while rebalancing China''s growth toward a domestic-demand-led economy would likely raise aggregate …

countries, particularly China. In a number of African countries, labor productivity has fallen and land productivity has not … risen significantly. In China, on the other hand, land and labor productivities have increased steadily over the past two … decades. An examination of factors underlying the contrasting experiences of China and countries in Sub-Saharan Africa reveals …

China is poised on the brink of a transition to a service-based economy. The Japanese experience of the 1980s provides … for China. However, with the benefit of analyzing the Japanese experience and, given the important differences between the … two economies, China should be able to successfully rebalance its growth pattern while avoiding the downsides encountered …

rebalancing would entail. The nature of the challenge differs across regional economies, as some, like China, need to raise … private consumption while others, like the ASEAN economies, need to raise investment. Given that China accounts for such a … various aspects of the rebalancing challenge in China …

liberalization in China. A more flexible exchange rate regime would allow China to operate a more independent monetary policy …, providing a useful buffer against domestic and external shocks. At the same time, weaknesses in China’s financial system suggest … concludes that greater exchange rate flexibility is in China’s own interest and that, along with a more stable and robust …

China's increasing openness to foreign direct investment (FDI) has contributed importantly to its exceptional growth … performance. This paper examines China's experience with FDI and identifies some lessons for other countries. Most of the factors … explaining China's success have also been important in attracting FDI to other countries: market size, labor costs, quality of …

This paper gauges the key determinants of China''s private consumption in relation to GDP using data on the Chinese … China. Rather, the challenge is to explain why the conditioning variables-notably a low level of service sector employment …, the level of financial sector development, and low real interest rates-are so different in China relative to other …