This paper uses the standard one-sector neoclassical growth model to investigate why China's consumption has been low … one form or the other, these distortions have implied significant transfers from households to firms. If China is to …

This paper uses the standard one-sector neoclassical growth model to investigate why China’s consumption has been low … one form or the other, these distortions have implied significant transfers from households to firms. If China is to …

one form or the other, these distortions have implied significant transfers from households to firms. If China is to …

In this paper we provide an overview of the growth model in China and its prospects, taking a medium-run to long …-run perspective. Our main conclusions are as follows. First, the still prevailing producer-biased model of managed capitalism in China …-)escalate once global and domestic economic conditions normalise. Third, the fundamental factors underpinning growth in China are …

In this paper we provide an overview of the growth model in China and its prospects, taking a medium-run to long …-run perspective. Our main conclusions are as follows. First, the still prevailing producer-biased model of managed capitalism in China …-)escalate once global and domestic economic conditions normalise. Third, the fundamental factors underpinning growth in China are …

China's rise has been the economic success story of the past four decades but economic growth has been slowing and … domestic imbalances have widened. This paper analyses the recent evolution of China's imbalances, the risks they pose to the … economic outlook and the potential impact of a transition to sustainable growth in China on the global and euro area economies …

China's rise has been the economic success story of the past four decades but economic growth has been slowing and … domestic imbalances have widened. This paper analyses the recent evolution of China's imbalances, the risks they pose to the … economic outlook and the potential impact of a transition to sustainable growth in China on the global and euro area economies …

This paper considers interactions between China's domestic and external imbalances and their global implications. We … present scenarios detailing how a rebalancing of China's growth pattern from investment‐driven growth towards more consumption … external imbalances. A policy implication for China is that for rebalancing to be fast, consumption must be exceptionally …