entry matters more than access to the rest of China, which is consistent with market fragmentation due to underdeveloped …

This paper uses disaggregated trade data to assess how the expansion of China''s production capacity and its changing … production structure may be affecting its trade linkages with other countries. It finds that China is moving away from … components. In turn, China''s imports and exports have begun to delink, with increased domestic sourcing contributing to the …

China and Hong Kong SAR during the subprime crisis. Using both univariate and multivariate GARCH models, this paper finds … that China''s stock market is not immune to the financial crisis, as evidenced by the price and volatility spillovers from … the United States than China''s returns, and past volatility shocks in the United States have a more persistent effect on …

Substantial effort has been devoted to reforming China''s banking system in recent years. The authorities recapitalized …

China''s growth record since the start of its economic reforms in 1978 has been extraordinary. Yet, this impressive … to analyze the variation in labor productivity growth across China''s provinces. This approach imposes less structure on … convergence in labor productivity across China''s provinces during 1978-98. However, our results show that provinces converged in …

Interest rates in China comprise a mix of both market determined interest rates (interbank rates and bond yields), and … regulated interest rates (lending and deposit rates), reflecting China''s gradual process of interest rate liberalization. We …

This paper gauges the potential effects on employment of rebalancing China''s exportoriented growth model toward … existing and new services as well as reorienting the production of tradable goods toward domestic markets. In China''s case … paper shows that while rebalancing China''s growth toward a domestic-demand-led economy would likely raise aggregate …

countries, particularly China. In a number of African countries, labor productivity has fallen and land productivity has not … risen significantly. In China, on the other hand, land and labor productivities have increased steadily over the past two … decades. An examination of factors underlying the contrasting experiences of China and countries in Sub-Saharan Africa reveals …

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 …