Reports

01.31.06

The Dynamics of Provincial Growth in China: A Nonparametric Approach

Bulent Unel and Harm Zebregs
International Monetary Fund (IMF)
China's growth record since the start of its economic reforms in 1978 has been extraordinary. Yet, this impressive performance has been associated with an increasing regional income disparity. The authors use a recently developed nonparametric...

Reports

01.26.06

Ending Financial Repression in China

James A. Dorn
Cato Institute
The consequences of China’s financial repression are easy to see. By suppressing two key macroeconomic prices—the interest rate and the exchange rate—and by failing to privatize financial markets and allow capital freedom, China’s leaders have...

Reports

01.26.06

Ending Financial Repression in China

James A. Dorn
Cato Institute
Chinese economic liberalization largely stopped at the gates of the financial sector. Investment funds are channeled through state-owned banks to state-owned enterprises (SOEs), there are few investment alternatives, stock markets are dominated by...

Reports

01.13.06

The Rise of China and Its Effect on Taiwan, Japan, and South Korea: U.S. Policy Choices

Dick K. Nanto, Emma Chanlett-Avery
Peony Lui
Congressional Research Service
The economic rise of China and the growing network of trade and investment relations in northeast Asia are causing major changes in human, economic, political, and military interaction among countries in the region. This is affecting U.S. relations...

Reports

01.01.06

Seasonalities in China's Stock Markets: Cultural or Structural?

Jason D. Mitchell and Li Lian Ong
Sara Segal-Williams
International Monetary Fund (IMF)
In this paper, we examine returns in the Chinese A and B stock markets for evidence of calendar anomalies. We find that both cultural and structural (segmentation) factors play an important role in influencing the pricing of both A- and B-shares in...

Reports

01.01.06

Turning the Tide: Injury and Violence Prevention in China

Kennett Werner
World Health Organization
Like most countries around the world, productivity (including economic and all other development indicators) in China is very strongly linked to the health of its people. The ability to achieve the Government of China’s overall goal of “xiaokang,”...

Reports

12.09.05

East Asian Summit: Issues for Congress

Bruce Vaughn
Peony Lui
Congressional Research Service
Fundamental shifts underway in Asia could constrain the U.S. role in the multilateral affairs of Asia. The centrality of the United States is now being challenged by renewed regionalism in Asia and by China’s rising influence. While the United...

Reports

12.01.05

“We Could Disappear at Any Time”: Retaliation and Abuses Against Chinese Petitioners

Human Rights Watch
This 2005 report is the first in-depth look at the treatment of Chinese citizens who travel to Beijing to demand redress to their complaints of mistreatment by officials. While petitioning has long been in use in China, it is now on the rise; an...

Reports

11.29.05

China’s Currency: Brief Overview of U.S. Options

Jonathan E. Sanford
Peony Lui
Congressional Research Service
Many are concerned that China’s currency is undervalued and that this injures the U.S. economy. The Chinese authorities say they are not manipulating their currency and they want to move as soon as possible to a market-based yuan. A new exchange...

Reports

11.22.05

Internet Development and Information Control in the People’s Republic of China

Michelle W. Lau
Peony Lui
Congressional Research Service
Since its founding in 1949, the People’s Republic of China (PRC) has often been accused of manipulating the flow of information and prohibiting the dissemination of viewpoints that criticize the government or stray from the official Communist party...

Reports

11.02.05

U.S.-China Relations in the Wake of CNOOC

James A. Dorn
Cato Institute
CNOOC, a subsidiary of state-owned China National Offshore Oil Company, lost to Chevron in a bid to acquire Unocal. This loss did not occur because of Chevron's lower bid, but rather because of U.S. Congressional intervention that blocked the...

Reports

10.20.05

How China Should Use Its Foreign Reserves

Deepak Lal
Cato Institute
China’s labor-intensive economic growth over the last two decades allowed the transfer of a vast amount of low-wage labor from both the rural sector and the declining state-owned enterprise (SOE) sector. That allowed China to grow by “walking on two...

Reports

07.15.05

Hong Kong 2005: Changes in Leadership and Issues for Congress

Severn Anderson
Peony Lui
Congressional Research Service
The Hong Kong Special Administrative Region (HKSAR) has recently recovered from an economic downturn and the SARS virus outbreak of 2002-2003 which crippled trade and tourism. There has also been a major change in top government personnel, with the...

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—...

Reports

04.15.05

European Union’s Arms Embargo on China: Implications and Options for U.S. Policy

Kristin Archick, Richard Grimmett, Shirley Kan
Peony Lui
Congressional Research Service
The European Union (EU) is considering lifting its arms embargo on China, which was imposed in response to the June 1989 Tiananmen Crackdown. France, Germany, and other EU members claim that the embargo hinders the development of a “strategic...

Reports

03.07.05

Nonmarket Nonsense: U.S. Antidumping Policy toward China

Daniel Ikenson
Cato Institute
In stark contrast to its broader restraint in the face of anti-China protectionist pressure, the Bush administration has adopted an unabashedly bellicose approach to antidumping matters. The administration should take a hard look at its antidumping...

Reports

03.01.05

Japan, China, and the U. S. Current Account Deficit

Richard H. Clarida
Cato Institute
Exchange rate protectionism is a subject much in the news these days, especially in regard to the actions of Japan and China in foreign exchange markets and in the financing of the U.S. current account deficit.

Reports

03.01.05

European Union’s Arms Control Regime and Arms Exports to China: Background and Legal Analysis

Richard F. Grimmett, Theresa Papademetriou
Peony Lui
Congressional Research Service
In recent months, discussions have been held within the European Union (EU) on the question of lifting the embargo on arms exports to the People’s Republic of China that was imposed on China on June 27, 1989. The prospect that the EU would lift its...

Reports

01.01.05

Exchange Rate and Monetary Policy in China

Nicholas R. Lardy
Cato Institute
China's account surplus has increased sharply as a product of economic growth and manipulation of its undervalued currency. This paper argues that China's account surplus is actually higher than reports indicate. China’s monetary...

Reports

05.20.04

China-U.S. Relations: Current Issues for the 108th Congress

Kerry Dumbaugh
Peony Lui
Congressional Research Service
During the George W. Bush Administration, U.S. and People’s Republic of China (PRC) foreign policy calculations have undergone several changes. The Bush Administration assumed office in January 2001 viewing China as a U.S. ”strategic competitor.”...