The path to emerging as the world’s second largest economy (in PPP terms) has not been a smooth one. This paper seeks to provide a detailed chronology of China’s business cycles since 1979. It also considers whether their volatility has changed over time, and how their volatility compares...

China has been widely accused of deliberately maintaining an undervalued currency to fuel its exports. In this paper we argue that one of the most popular measures of equilibrium exchange rates, the Big Mac index, should make way for an Apple index; a theoretically more appealing index where...

The latest round of share reform in China, which began in 2005, sets two related processes in motion: it increases the tradable share proportion and signals the start of a decline in the government-owned share proportion. This paper considers the effect these processes might have on firm...

China�s capital account convertibility is presently not well understood. A relatively closed de jure regime sits in contrast with a de facto regime that exhibits distinct signs of being quite open. This paper seeks to shed light on this issue by using an econometric model to predict the...

Chinese investment in Australia is emerging as an important part of the Australia-China economic relationship. This paper overviews the major characteristics of Chinese investment in Australia up to the present - its volume, form, sectoral distribution and the major players. It then discusses...