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 …

This paper reviews China's experience with market-oriented reform since 1978, including domestic reforms, the opening … conditions that may have affected China's capacity to implement reforms, assesses the impact of the reforms on the structure of … and stability, and draws implications for the direction of China's future reform strategy …

China’s high corporate savings rate is commonly claimed to be a key driver for the country’s large current account …

Consumption in China is unusually low and has continued to decline as a share of GDP over the past decade. A key policy …

household consumption in China. The paper first undertakes an empirical study of the relationship between the savings rate and … social expenditures for a panel of OECD countries and provides illustrative estimates of their implications for China. It …

This paper presents some facts on China’s role in the world economy and measures the impact of China’s growth on growth … suggest that spillover effects of China’s growth have increased in recent decades. Long-term spillover effects, estimated …

As China''s economy becomes more market based and continues its rapid integration into the global economy, having an … modern principles of monetary policy in light of the current state of China''s financial institutions, we motivate and … low long-run inflation objective, operational independence for the People''s Bank of China (PBC) with formal strategic …

The rapid aging of China''s population over the next few decades makes it important for a new pension system with broad …

, liberalizing the financial system, building out China’s social safety net, and capitalizing on urbanization, among others …

China’s household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U … and pension reforms can account for over half of the increase in the urban household savings rate in China since the mid …