Reports

11.01.11

What Drives CNH Market Equilibrium?

Peter Garber
He Jianan
Council on Foreign Relations
The recent rapid growth of the offshore renminbi market presents a puzzle for analysts of China's development strategy. By allowing renminbi to flow offshore uncontrolled before loosening government controls over internal financial markets,...

Reports

11.01.11

Catalyzing Social Investment in China

Brooke Avory, Adam Lane
BSR
In May 2008, an earthquake hit the western Chinese province of Sichuan, taking 80,000 lives and displacing millions of others. The earthquake inspired an increase in donations from RMB13.3 billion in 2007 to RMB76.4 billion in 2008 and highlighted...

Reports

10.25.11

The Asia-Pacific Economic Cooperation (APEC) Meetings in Honolulu: A Preview

Michael F. Martin
Peony Lui
Congressional Research Service
The United States will host the Asia-Pacific Economic Cooperation’s (APEC’s) 19th Economic Leaders’ Meeting in Honolulu, HI, on November 12 & 13, 2011. APEC was founded in 1989 to facilitate trade and investment liberalization in the Asia-...

Reports

09.30.11

China-U.S. Trade Issues

Wayne M. Morrison
Peony Lui
Congressional Research Service
U.S.-China economic ties have expanded substantially over the past three decades. Total U.S.-China trade rose from $2 billion in 1979 to $457 billion in 2010. Because U.S. imports from China have risen much more rapidly than U.S. exports to China,...

Reports

09.28.11

Hong Kong’s Recovery from the Global Financial Crisis

International Monetary Fund (IMF)
Hong Kong’s economy was severely affected by the global financial crisis (through both trade and financial channels). A recovery is now underway, fueled by growth on the Mainland, supportive policies, and accommodative monetary conditions imported...

Reports

09.28.11

Market Integration in China

Qingqing Chen, Chor-Ching Goh, Bo Sun, and Lixin Colin Xu
World Bank
Over the last three decades, China's product, labor, and capital markets have become gradually more integrated within its borders, although integration has been significantly slower for capital markets. There remains a significant urban-rural...

Reports

09.28.11

Growth Poles and Multipolarity

Jonathon Adams-Kane and James Jerome Lim
World Bank
This paper develops an empirical measure of growth poles and uses it to examine the phenomenon of multipolarity. The authors formally define several alternative measures, provide theoretical justifications for these measures, and compute polarity...

Reports

09.26.11

China’s Holdings of U.S. Securities: Implications for the U.S. Economy

Wayne M. Morrison, Marc Labonte
Peony Lui
Congressional Research Service
Given its relatively low savings rate, the U.S. economy depends heavily on foreign capital inflows from countries with high savings rates (such as China) to meet its domestic investment needs and to fund the federal budget deficit. The willingness...

Reports

09.21.11

China’s Assertive Behavior

Michael D. Swaine and M. Taylor Fravel
He Jianan
China Leadership Monitor
The authors of this essay examine Chinese assertiveness concerning U.S. political and military behavior along China’s maritime periphery. This topic inevitably also concerns Chinese behavior toward Japan, South Korea, and some ASEAN nations, given...

Reports

09.01.11

Managing Instability on China’s Periphery

Paul B. Stares, Scott A. Snyder, Joshua Kurlantzick, Daniel Markey, Evan A. Feigenbaum
He Jianan
Council on Foreign Relations
China’s growing global engagement and presence has increased the number of conceivable places and issues over which it could find itself at odds with the United States, but potential developments in the territories immediately adjacent to China...

Reports

08.30.11

Asian Alliances in the 21st Century

Dan Blumenthal, Michael Mazza, Randall Schriver, Mark Stokes, L.C. Russell Hsiao
American Enterprise Institute for Public Policy Research
Asia will become the epicenter of geopolitical activity in the 21st century and the budding U.S.-China security rivalry, conditioned by deep economic interdependence, will shape the region’s future. Perhaps the greatest benefactor of American policy...

Reports

08.04.11

U.S.-Taiwan Relationship: Overview of Policy Issues

Shirley A. Kan, Wayne M. Morrison
Peony Lui
Congressional Research Service
Taiwan today calls itself the sovereign Republic of China (ROC), tracing its political lineage to the ROC set up in 1911 on mainland China and commemorating in 2011 the 100th anniversary of its founding. The ROC government retreated to Taipei in...

Reports

08.01.11

Measuring the Economic Gain of Investing in Girls

Jad Chaaban and Wendy Cunningham
World Bank
This report discusses the economic impact of the exclusion of girls from productive employment in developing countries. The paper explores the linkages between investing in girls and potential increases in national income by examining three widely...

Reports

07.27.11

China’s Macroeconomic Rebalancing

International Monetary Fund (IMF)
In May and June 2011, an International Monetary Fund staff team held discussions in Chengdu, Shanghai, and Beijing, which this report documents. The consultation examined China’s macroeconomic outlook, the potential for a property price bubble, the...

Reports

07.26.11

Toward a Healthy and Harmonious Life in China

Shiyong Wang, Patricio Marquez, and John Langenbrunner
World Bank
China’s 12th five-year plan (2011-2015) aims to promote inclusive, equitable growth and development by placing an increased emphasis on human development. Good health is an important component of human development, not only because it makes people’s...

Reports

07.18.11

China’s Greenhouse Gas Emissions and Mitigation Policies

Jane A. Leggett
Peony Lui
Congressional Research Service
The 112th Congress continues to debate whether and how the United States should address climate change. Most often, this debate includes concerns about the effects of U.S. greenhouse gas (GHG) emissions controls if China and other major countries...

Reports

07.14.11

Strangers at Home: North Koreans in the South

International Crisis Group
As the number of defectors from North Korea arriving in the South has surged in the past decade, there is a growing understanding of how difficult it would be to absorb a massive flow of refugees. South Korea is prosperous and generous, with a...

Reports

07.01.11

People’s Republic of China: Spillover Report for the 2011 Article IV Consultation and Selected Issues

International Monetary Fund (IMF)
This report discusses the outward effects of China’s economic policies on the rest of the world. The report does not try to capture the full extent and historical significance of China’s new influence on the world economy. Rather, it focuses on a...

Reports

07.01.11

The External Impact of China’s Exchange Rate Policy: Evidence from Firm Level Data

Barry Eichengreen and Hui Tong
Sara Segal-Williams
International Monetary Fund (IMF)
The authors examine the impact of renminbi revaluation on foreign firm valuations, considering two surprise announcements of changes in China’s exchange rate policy in 2005 and 2010 and employing data on some 6,000 firms in forty-four economies...

Reports

06.28.11

The United States and China: Macroeconomic Imbalances and Economic Diplomacy

Philip I. Levy
American Enterprise Institute for Public Policy Research
The United States and China are now the two largest economies in the world. The relationship between the two countries is multifaceted and goes well beyond economic relations, but questions of macroeconomic imbalances have remained at the heart of...