in recent decades. The pitfalls of the current ``soft'' rebalancing policy in China are analyzed in the context of this …China is currently experiencing a structural change toward tertiarization and an implied growth slowdown associated … with it. The paper investigates whether this growth slowdown is merely cyclical or a negative trend, and further what China …

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 …

One of the greatest challenges China faces is how to reshape its heavily investment-driven mode of economic growth. By … investigating how the rebalancing of Japan’s economic growth mode was realized in the 1970s, we indicate that it is essential in the … rebalancing to correct the distortions in the factor cost (labor cost and capital cost) in a harmonious way. In addition, we refer …

The recent declines in China's financial account balance ended the "twin surplus" era and led to a modest decline in …, which have been visible in China's financial balances since the last quarter of 2011, have heightened fears/anxiety in … caused by a jump in short-term trade credits to prepay (for imports) in dollars, a rise in dollar advances from banks, and a …

This paper uses the Shapley Value decomposition technique to assess the factors behind the rise of inequality in China …. It finds that, in many ways, inequality may have been an inevitable by-product of China’s investment and export …. Across China’s provinces, divergences in per capita incomes are driven by the relative level of capital-intensity, public …

China's economic growth is sputtering, the Euro is under threat, and the United States is combating serious trade … disadvantages. Another Great Depression? Not quite. Noted economist and China expert Michael Pettis argues instead that we are … undergoing a critical rebalancing of the world economies. Debunking popular misconceptions, Pettis shows that severe trade …

China's economic growth is sputtering, the Euro is under threat, and the United States is combating serious trade … disadvantages. Another Great Depression? Not quite. Noted economist and China expert Michael Pettis argues instead that we are … undergoing a critical rebalancing of the world economies. Debunking popular misconceptions, Pettis shows that severe trade …