Reports

09.23.10

China’s Sovereign Wealth Fund: Developments and Policy Implications

Michael F. Martin
Peony Lui
Congressional Research Service
China’s ruling executive body, the State Council, established the China Investment Corporation (CIC), a sovereign wealth fund, in September 2007 to invest $200 billion of China’s then $1.4 trillion in foreign exchange reserves. As with other...

Reports

11.25.09

China’s Assistance and Government-Sponsored Investment Activities in Africa, Latin America, and Southeast Asia

Thomas Lum
Peony Lui
Congressional Research Service
In recent years, the People’s Republic of China (PRC) has bolstered its diplomatic presence and garnered international goodwill in the developing world through financing infrastructure and natural resource development projects, assisting in the...

Reports

01.01.09

Building Bridges: China’s Growing Role as Infrastructure Financier for Sub-Saharan Africa

Vivien Foster, William Butterfield, Chuan Chen, and Nataliya Pushak
World Bank
Over the last decade Chinese investment in Africa has grown considerably. This includes the financing of large infrastructural projects in many African countries. Although Chinese finance of African infrastructure is important, there is not much...

Reports

04.01.08

Real and Financial Sector Linkages in China and India

Jahangir Aziz
International Monetary Fund (IMF)
In the spirit of what is known as business cycle accounting, this paper finds that the investment wedge—the gap between household rates of intertemporal substitution and the marginal product of capital—is large and quantitatively significant in...

Reports

12.01.06

Rebalancing China's Economy: What Does Growth Theory Tell Us?

Jahangir Aziz
Sara Segal-Williams
International Monetary Fund (IMF)
This paper uses the standard one-sector neoclassical growth model to investigate why China's consumption has been low and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts that...

Reports

11.01.06

What’s Driving Investment in China?

Steven Barnett and Ray Brooks
Sara Segal-Williams
International Monetary Fund (IMF)
Investment has grown rapidly in China in recent years, reaching more than 40 percent of GDP. Despite good progress on bank and enterprise reforms, weaknesses remain that could contribute to inefficient investment decisions. Manufacturing,...

Reports

05.01.06

Does China Save and Invest too Much?

John H. Makin
Cato Institute
China’s much-praised tendency to save and invest over 40 percent of its GDP has become dangerous and destabilizing, both for China and the global economy. China’s avid savers expect to increase their wealth by forgoing current consumption. There are...

Reports

04.20.05

China’s Growing Interest in Latin America

Kerry Dumbaugh, Mark P. Sullivan
Peony Lui
Congressional Research Service
Over the past year, increasing attention has focused on China’s growing interest in Latin America. Most analysts appear to agree that China’s primary interest in the region is to gain greater access to needed resources—such as oil, copper, and iron—...

Viewpoint

12.14.92

China Plays the Market

Orville Schell & Todd Lappin from Nation
With the Chinese stock market in turmoil earlier this month, Orville Schell, Arthur Ross Director of the Center on U.S.-China Relations, wrote about the dramatic crash for The Guardian: “Why China’s Stock Market Bubble Was Always Bound To Burst.”...