The integration of China into the global economy is one of the most spectacular events in economic history. This paper … to explore interdependencies between business cycles in China and industrial countries, including the US, the euro area … OEF. Evidence is based on the responses to a Chinese demand shock arising from the recent fiscal stimulus program. The …

We study the effects of external shocks on the business cycle in China and its sectors (agriculture, industry, and … 1996--2014. We show that China - in particular its industrial sector - is susceptible to shocks, which can be related to a … consumer confidence. If interpreted from the perspective of ongoing structural change and rebalancing in China, our findings …