, with the initiation of the 'Strategic Emerging Industries' program. China's state-dominated banking system is seen as … corporate sector and GDP growth in China, (2) this relationship is non-linear in terms of Chinese regions and credit …

China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced …

rebalancing of domestic demand in China …This paper studies structural changes underlying China's remarkable and unprecedented growth in recent years. While … patterns of structural transformation across China's provinces are broadly in line with international experience, one important …

China's current growth model — which has delivered steady and robust growth for two decades and lifted some 500 million … continued reliance on capital accumulation, China can grow at a healthy pace and maintain its convergence toward the level of … high income economies. Evidence from China's provinces indicates that there is room to improve productivity and sustain …

For the past nearly forty years, China has experienced average annual real GDP growth of close to ten percent, much of … expenditures. This paper documents the role of investment in driving economic growth in China, questions how much longer China can … reduction in investment. It also notes that investment in China remains broad-based across all economic sectors, with little …

China's rapid economic growth over the past forty years was in good part driven by capital accumulation, with, in … growth in China, questions how much longer China can sustain high investment rates, and critically examines arguments … economic sectors, with little specialization. The foreign share of investment in China has become negligible, and the China …

China's investment rate is one of the highest in the world, which naturally leads one to suspect that the return to … capital in China must be quite low. Using the data from China's national accounts, we estimate the rate of return to capital … in China. We find that the aggregate rate of return to capital averaged 25% during 1978-1993, fell during 1993-1998, and …

) calculates long-run provincial (and national) physical capital series for China, (ii) distinguishes between capital services and …

The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and …

The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and …