China is not yet number one

Jeffrey Frankel 09 May 2014

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Widespread recent reports have trumpeted: “China to overtake US as top economic power this year.” The claim is basically wrong. The US remains the world’s largest economic power by a substantial margin.

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Topics:  Global economy

Tags:  US, China, purchasing power parity, statistics

Increased export performance and competitiveness of developing countries is mainly a China story

M. Ataman Aksoy, Francis Ng 03 May 2014

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One of the important developments of the last couple of decades has been the rapid expansion of manufacturing exports from developing countries to high-income industrial countries, as well as to other developing countries. Developing economies have also gained significant market share in both major industrial countries and in each other’s markets during this period (Aksoy and Ng 2013a, 2013b).

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Topics:  International trade

Tags:  China, market shares, south-south trade

China’s regional and bilateral trade agreements

John Whalley, Chunding Li 05 March 2014

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China’s efforts at international trade diplomacy did not stop with its 2001 WTO accession. China is increasingly active in her pursuit of regional trade agreements (RTAs).

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Topics:  International trade

Tags:  China, RTAs

China’s one-child policy and saving puzzle

Taha Choukhmane, Nicolas Coeurdacier , Keyu Jin 22 January 2014

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The Chinese household saving rate is high and has been rising sharply. Between 1983 and 2011, the average urban household saving rate rose by about 20 percentage points – from 10.4% to a staggeringly high level of 30.5%. This stands in sharp contrast with the low household savings rate in developed countries (about 5% in OECD economies). A fast-growing economy should in principle be borrowing against future income to bring forward consumption.

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Topics:  Education Gender Microeconomic regulation

Tags:  China, fertility, demographics, savings, one-child policy

China's growth, stability, and use of international reserves

Joshua Aizenman, Yothin Jinjarak, Nancy P. Marion 05 January 2014

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Pre-crisis imbalances

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Topics:  Global crisis

Tags:  US, global imbalances, China, global crisis

Has China’s new labour contract law worked?

Richard B. Freeman, Xiaoying Li 22 December 2013

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In 2007 China enacted a new Labour Contract Law (LCL) – the first major labour reform in over a decade. The law sought to pressure firms to give workers written contracts that would help workers enforce their legal rights at the workplace. Because local governments put economic growth and business interests above worker well-being, implementation of labour laws in China has historically been weak (Tang 2008) with the result that many workers in China suffered ill treatment by employers (Lee 2007, Chan 2001).

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Topics:  Labour markets

Tags:  China, labour contracts

Growing like China: understanding the puzzle of China's economic transition

Fabrizio Zilibotti interviewed by Viv Davies,

Date Published

Mon, 12/23/2013

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See Also

Announcement on CEPR website: CEPR Fellows receive the Sun Yefang 2012 Award (Tuesday, September 10, 2013).

Growing Like China” by Zheng Song, Kjetil Storesletten and Fabrizio Zilibotti (2013).

 

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Topics

Poverty and income inequality Productivity and Innovation
Tags
productivity, China, Inequality

Related Article(s)

Agglomeration and exports Inequality in China Chinese competition policy Technology transfer for Chinese markets
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September 2013

Housing, spatial price differences, and inequality in China

John Gibson, Chao Li 27 November 2013

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How do others measure inequality in China?

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Topics:  Poverty and income inequality

Tags:  China, Inequality, spatial price differences, costs of living

Does policy uncertainty reduce economic activity? Insights and evidence from large trade reforms

Kyle Handley, Nuno Limão 23 November 2013

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The impact of policy uncertainty on economic activity is an issue traditionally associated with developing countries. Since 2008, however, the spotlight has shifted. Governments’ responses to the Great Recession and the Eurozone crisis have raised considerable uncertainty about the future policies of advanced economies. Examples include the timing and size of financial bailouts, government expenditures, and the risk of sovereign-debt default. These crises have also heightened trade policy uncertainty.

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Topics:  International trade

Tags:  US, China, WTO, trade, uncertainty, Great Recession, Eurozone crisis

The dragon awakes: Is Chinese competition policy a cause for concern?

Mario Mariniello 09 November 2013

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Foreign businesses are increasingly realising that China has antitrust laws, and is not shy about using them. The Glencore/Xstrata merger in the spring was cleared only with conditions imposed by the Chinese Ministry of Commerce. In August, the Chinese National Development and Reform Commission imposed a record €82 million fine on milk powder producers for a price-fixing conspiracy. The Chinese authorities are also taking more decisions.

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Topics:  Competition policy

Tags:  China, international trade, protectionism, Competition policy, antitrust

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