The least disputable of China’s impacts on the world has been the explosion of studies of China’s impact on the world.1 Many such studies have tried to measure the effects on trade or output in other countries. They have reached widely varying conclusions by a wide variety of methods: inspection of trade data (e.g. Lall et al.
Has China de-industrialised other developing countries?
Adrian Wood, Jörg Mayer, 28 July 2009
A simpler way to solve the “dollar problem” and avoid a new inflationary cycle
Domingo Cavallo, Joaquín Cottani, 12 May 2009
When China’s Premier Wen Jiabao recently expressed concerns about the future of the US dollar, the currency in which most of his country’s official reserves are denominated, his remarks provoked contrasting reactions among US economists.
The rise of “consumer cities” in China
Matthew E. Kahn, Siqi Zheng, 14 April 2009
China’s population is rapidly urbanising. The share of the population living in cities in China increased from 28% in 1990 to 44% in 2006. The annual real wage of an average urban worker in 2006 was four times higher than in 1990.
Currency “manipulation” and world trade: A caution
Robert W. Staiger, Alan O. Sykes, 30 January 2009
The Chinese yuan was pegged from 1994 until mid-2005 at 8.28 yuan to the US dollar. China shifted in 2005 to a policy of loosely pegging the yuan to a basket of major currencies. Since then the yuan has appreciated against the dollar, and the current yuan/dollar exchange rate stands at roughly 6.84.
How can China help reduce climate policy costs?
Carlo Carraro, Valentina Bosetti, Massimo Tavoni, 1 October 2008
In parallel to the growing scientific consensus regarding climate change, the climate challenge has become a public policy priority and now ranks high on the political agendas of many countries.
Lessons in humility: Estimating currency misalignment
Menzie D. Chinn , Yin-Wong Cheung , Eiji Fujii, 12 September 2008
For years, various policy analysts and policy makers have asserted that the Chinese currency, the Renminbi (RMB), is substantially undervalued (Goldstein 2007).
The growth future – India and China
Arvind Subramanian, 29 August 2008
Can China and India sustain their current growth rates?
Chinese companies worldwide
Philippe Gugler, 23 August 2008
Some of the recent, high profile acquisitions of Chinese companies have become widely known. The acquisitions of IBM’s personal computer business by the Chinese Lenovo or MG Rover by Nanjing Automobile Group Corporation are famous examples. After all, we will soon see the first Chinese car company actually producing vehicles in Europe!
Too many boys…
Esther Duflo, 18 August 2008
China is gradually getting rid of the vestiges of its communist past. But the demographic policy of the 1980s and 1990s planted a time bomb, and its effects are just starting to be felt.
How much of Chinese exports is really made in China?
Robert B. Koopman, Zhi Wang, Shang-Jin Wei, 8 August 2008
China is the archetype of an economy that is well integrated into global production chains. It imports raw material, equipment, and other intermediate inputs, and then exports 37% of its output to the world market (in 2006), which is huge when compared to the United States (8%) or India (13%).
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CEPR Policy Research
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- The economics of Scottish independence in an interdependent worldHughes Hallett
- Making city lights shine brighterYusuf, Leipziger
- The euro in the 'currency war'Bénassy-Quéré, Martin
- The roots of shadow bankingPerotti
- What’s wrong with Europe?Baldini, Manasse
- Corporate Finance Theory Symposium19 - 20 September 2014 / Cambridge / Judge Business School, Cambridge University
- International Trade, Finance, and Macroeconomics: Research Frontiers and Challenges for Policy18 - 19 December 2014 / The Bank of England, London / The Bank of England, Centre for Macroeconomics and CEPR