Informal or formal financing: First evidence on co-funding of Chinese firms

Hans Degryse, Liping Lu, Steven Ongena, 21 August 2013



The credit squeeze in June 2013 has triggered policymakers’ concern worldwide about a potential debt crisis in China, while at the same time the Chinese government has moved to crack down on undisciplined lending in order to alleviate the debt-bubble fears emanating from the shadow banking system.1 

Topics: Development, Financial markets
Tags: China, Finance, investment

Who becomes a top politician in China?

Ruixue Jia, Masa Kudamatsu, David Seim, 20 August 2013



In November 2012, China saw a new team of national political leaders assume office with Xi Jinping at the helm as the general secretary of the Communist Party. Earlier in the same year, Bo Xilai, who had been considered to be a promising candidate for the upcoming new political leadership, was expelled from the Party.

Topics: Development, Politics and economics
Tags: China

Protectionist clouds darken sunny forecast for solar power

Jeffrey Frankel, 7 August 2013



On 27 July negotiators reached a compromise settlement in the world’s largest anti-dumping dispute, regarding Chinese exports of solar panels to the EU. China agreed to constrain its exports to a minimum price and a maximum quantity.

Topics: International trade
Tags: China, dumping, EU, US

Urbanisation and Migration Externalities in China

Pierre-Philippe Combes, Sylvie Démurger, Li Shi, 17 February 2013

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Topics: Development, International trade
Tags: agglomeration economies, China, migration, urban development, wage disparities

Urbanisation and migration externalities in China

Pierre-Philippe Combes, Sylvie Démurger, Li Shi, 9 July 2013



The latest population census conducted in China in November 2010 portrayed a rapidly urbanising country, with the urban population reaching 49.7%, up 13.5 percentage points compared to 2000.

Topics: Development, Migration
Tags: China, urban immigration, urbanisation

Hopes and false hopes in China’s interest-rate reform

Shang-Jin Wei, 25 June 2013



The Chinese central bank has recently dropped hints that it will quicken the pace of interest-rate reforms towards a market-determined regime. Both inside and outside the country, this has raised hopes of improving efficiency and reducing China’s ‘excessive’ savings and current account surplus. 

Topics: International finance, International trade
Tags: China, interest rate

Firms and credit constraints along the global value chain: Processing trade in China

Kalina Manova, Zhihong Yu , 13 May 2013



The past 20 years of globalisation have witnessed a dramatic expansion in the fragmentation of production across countries. Firms today can not only trade in final goods, but also conduct intermediate stages of manufacturing by importing foreign inputs, processing and assembling them into finished products, and re-exporting these to consumers and distributors abroad.

Topics: International trade
Tags: China, global supply chain, global value chain

Finance and growth in China and India: Have firms benefited from the capital-market expansion?

Tatiana Didier, Sergio Schmukler, 6 May 2013



China and India are hard to ignore. Over the past 20 years they have risen as global economic powers, at a very fast pace. By 2012, China has become the second-largest world economy (based on nominal GDP) and India the tenth. Together, they account for about 36% of world population.

Topics: International finance
Tags: China, India

Investigating the effect of exchange-rate changes in Japan, China, east Asia, and Europe

Willem Thorbecke, 26 February 2013



Policymakers are concerned about currency wars and competitive devaluations. Many complain that trading partners are artificially lowering their exchange rates through quantitative easing and managed exchange rates in order to gain price competitiveness for their exporters.

Topics: Exchange rates
Tags: China, Europe, Eurozone crisis, Japan, US

China and the end of extrapolation

George Magnus, 31 January 2013



That the Chinese economy is slowing down as it quickly matures should come as no surprise. The global economic conditions of the two decades leading up to the financial crisis were exceptional; things are far more sober now.

Many of China’s development achievements are unrepeatable. Only once can you:

Topics: Development
Tags: China, Communist Party, growth, middle-income trap

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