discussion of the rationale for decentralization, the paper describes the main structural and economic developments in China in …

In 1978, China embarked on a gradual but far-reaching reform of its economic system. This paper focuses on the …

This paper describes economic developments in the People’s Republic of China during 1996–97. In 1996, the authorities …

to be put in place following the transfer of sovereignty over Hong Kong to China in 1997. International treaties between … Britain and China from the nineteenth century are reviewed. The paper discusses Hong Kong’s current and future constitutional …

This paper reviews macroeconomic developments in China in 1994 and 1995, in particular the progress achieved during …

China is poised on the brink of a transition to a service-based economy. The Japanese experience of the 1980s provides … for China. However, with the benefit of analyzing the Japanese experience and, given the important differences between the … two economies, China should be able to successfully rebalance its growth pattern while avoiding the downsides encountered …

rebalancing would entail. The nature of the challenge differs across regional economies, as some, like China, need to raise … private consumption while others, like the ASEAN economies, need to raise investment. Given that China accounts for such a … various aspects of the rebalancing challenge in China …

liberalization in China. A more flexible exchange rate regime would allow China to operate a more independent monetary policy …, providing a useful buffer against domestic and external shocks. At the same time, weaknesses in China’s financial system suggest … concludes that greater exchange rate flexibility is in China’s own interest and that, along with a more stable and robust …

China's increasing openness to foreign direct investment (FDI) has contributed importantly to its exceptional growth … performance. This paper examines China's experience with FDI and identifies some lessons for other countries. Most of the factors … explaining China's success have also been important in attracting FDI to other countries: market size, labor costs, quality of …

This paper gauges the key determinants of China''s private consumption in relation to GDP using data on the Chinese … China. Rather, the challenge is to explain why the conditioning variables-notably a low level of service sector employment …, the level of financial sector development, and low real interest rates-are so different in China relative to other …