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Since 1978 the Chinese economy has grown on average more than 9 percenta year. Per capita income has nearly quadrupled in the past 15 years andsome analysts predict that within 20 years the Chinese economy will belarger than that of the United States. This pamphlet analyzes the reasonsfor the...
Persistent link: https://www.econbiz.de/10014403126
Over the past 20 years, the Chinese authorities have undertaken wide-ranging reforms of their exchange and trade systems that have steadily reduced the role of planning and increased the importance of market forces. As these reforms have taken root, relative prices and domestic and foreign...
Persistent link: https://www.econbiz.de/10014403429
The Asian crisis hit the Hong Kong Special Administrative Region (SAR) economy hard in 1998, despite its generally strong fundamentals. In response to the crisis, the authorities eased fiscal policy—within the framework of a medium plan to restore budget balance, and significantly strengthened...
Persistent link: https://www.econbiz.de/10014403486
China''s rapid overall growth since 1978 masks significant differences in relative economic performance across its …
Persistent link: https://www.econbiz.de/10014403618
In this study, quantitative, industry-level measures of the intensity of competition are measured. Various methodologies and data used for measuring competition are also discussed. The level of intensity is also compared. The following statistical data are also presented in detail: gross fixed...
Persistent link: https://www.econbiz.de/10014403732
Based on China''s experience between 1980 and 2002, a cointegrated vector autoregression model was established to … explore the relationships among real interest rates, real exchange rates and balance of payments in China. Taking into account …
Persistent link: https://www.econbiz.de/10014403832
Although the rest of the world had waited a long time for China to open up, feelings were mixed when it actually did … (WTO), many of its trading partners are increasingly concerned that China’s competition in the world goods and capital … markets may adversely affect their own growth prospects. This paper examines the implications of China’s WTO accession for …
Persistent link: https://www.econbiz.de/10014403900
A more market-oriented labor market has emerged in China in the past twenty years with growing importance of the urban … exists in the rural sector and state-owned enterprises. The main challenge facing China’s labor market in coming years is to …
Persistent link: https://www.econbiz.de/10014403994
This paper reviews the evolution of China''s real effective exchange rate between 1980 and 2002, and uses a structural …
Persistent link: https://www.econbiz.de/10014404124
Several emerging economies have, until recently, experienced large government surpluses and accelerating foreign exchange reserve accumulation. This has been accompanied by economic booms, exchange rate appreciations and in some cases increases in domestic inflation. We show that one way to...
Persistent link: https://www.econbiz.de/10014404291