Rising regional inequality in China: Fact or artefact?

John Gibson, Chao Li, 9 August 2012

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A growing literature uses sub-national data from China to measure trends in regional inequality and to test models of economic growth and convergence. Most published studies use provincial-level data although finer spatial scales, such as prefectures (Roberts et al. 2012) and counties (Banerjee et al. 2012), are starting to be used.

Topics: Development, Poverty and income inequality
Tags: China, Inequality, Poverty

China’s strong domestic demand has reduced its trade surplus

Françoise Lemoine, Deniz Ünal, 19 July 2012

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Between 2005 and 2007 China’s accumulated huge trade surpluses and played a major part in the rise of global imbalances. The US and China have repeatedly come in conflict over the imbalance in bilateral trade.

Topics: Global economy, International trade
Tags: China, current account, global imbalances

Deep integration in free trade agreements in China and India

Ganeshan Wignaraja , 4 July 2012

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Since the 2000s, creeping protectionism and the stalled WTO Doha Round trade talks have prompted China and India to pursue a variety of bilateral and regional free trade agreements (FTAs). Before 2000, the sole FTA involving China and India was the Asia-Pacific Trade Agreement.

Topics: International trade
Tags: China, free trade agreements, India

A region-wide free trade agreement in Asia

Pradumna B. Rana, 25 June 2012

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The Trilateral Summit last month announced that negotiations would begin later this year on a China/Japan/South Korea FTA or the C/J/K FTA (Joint Declaration 2012). This suggests that two pathways to a region-wide FTA are starting to evolve in Asia. One is the ASEAN-led East Asian FTA and the Comprehensive Economic Partnership for East Asia (CEPEA) comprising the ASEAN+6 including India.

Topics: International trade
Tags: ASEAN, China, free trade agreement, Japan, South Korea

International rules for capital controls

John Williamson, Olivier Jeanne, Arvind Subramanian, 11 June 2012

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Although economists generally agree that countries can derive substantial gains from international economic integration, the extent to which they should open themselves to international capital flows remains a controversial issue. There is still, 20 years after the rise of emerging markets finance, a wide diversity of approaches to capital account policies.

Topics: Global governance, International trade
Tags: Brazil, capital controls, China

Do ‘animal spirits’ matter to firms’ internationalisation?

Yasuyuki Todo, 7 June 2012

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The internationalisation of firms’ production activities is having a massive impact on the global economy – everything from facilitating the rapid industrialisation and income growth in China and other emerging economies to the hollowing out of G7 manufacturing sectors. This growth and de-industrialisation is, in turn, blamed for booming commodity prices and rising wage inequality.

Topics: International trade
Tags: animal spirits, China, exports, foreign direct investment, imports, Japan

Germany should follow in the footsteps of China

Kamil Yilmaz, 19 May 2012

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After the bankruptcy of Lehman Brothers in September 2008, leading governments around the world announced fiscal packages to provide stimulus to their respected economies. The Chinese government was one of the first. As early as November 2008, it announced a stimulus package that was planned to go into effect immediately in early 2009.

Topics: Global economy, Macroeconomic policy
Tags: business cycle, China, fiscal policy, Germany

When should China start cutting its emissions?

Carlo Carraro, Emanuele Massetti, 25 April 2012

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China’s economy has grown at a record-breaking pace for almost two decades. This growth was fuelled by a rapid industrial expansion and it causes an ever-growing appetite for natural resources in general and energy in particular, with worldwide implications on commodity markets and on the environment (Moran 2010).

Topics: Environment
Tags: China, climate change

China: No longer the villain

Marco Annunziata, 21 April 2012

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While concerns about Spain and, to a lesser extent, Italy have again taken centre-stage, a number of experts and market participants are almost as worried and sceptical about China as they are about the Eurozone.

Topics: Global economy
Tags: China, global imbalances

Can China’s growth lower welfare in developed countries? A refutation of the Samuelson conjecture

Julian di Giovanni, Andrei Levchenko, Jing Zhang, 2 April 2012

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Topics: Global economy, International trade
Tags: China, comparative advantage

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