China’s economy has been moderate in 2012, with a GDP growth of about 8 percent. Macroeconomic policies helped to … approved projects. Directors encouraged the authorities to accelerate the transformation of China’s economy as conceived under …

Now close to 50 percent of GDP, this paper assesses the appropriateness of China’s current investment levels. It finds … that China’s capital-to-output ratio is within the range of other emerging markets, but its economic growth rates stand out …

Real estate investment accounts for a quarter of total fixed asset investment (FAI) in China. The real estate sector … process relies primarily on collateral, like in China. As a result, the impact on economic activity of a collapse in real … estate investment in China—though a low-probability event—would be sizable, with large spillovers to a number of China …

considered. As China is a clear example of this pattern, it has been selected to promote understanding of the process …

in China during the last decade, drawing upon previous analytical work and also employing the “Granger causality” test …

, Czechoslovakia, and China. Significant efforts have been made, or are under consideration, in all countries to develop a more …