Organization Date Title Keywords
International Monetary Fund (IMF) 07.1.07 Guarding Against Fiscal Risks in Hong Kong SAR
Nathan Porter
The Hong Kong SAR's government faces the dual challenges of volatile revenue and medium term spending pressures arising from a rapidly aging population. Age-related spending pressures raise long-run sustainability concerns, while revenue volatility...
Aging Population, Fiscal Policy, Hong Kong, Revenue
International Monetary Fund (IMF) 07.1.07 Explaining China's Low Consumption: The Neglected Role of Household Income
Jahangir Aziz and Li Cui
The Chinese government has recently focused on the need to increase consumption to rebalance the economy. A widely held view is that despite China's remarkably high growth, the share of consumption in total expenditure has been low and declining due to...
Consumption, Expenditure, Savings
International Monetary Fund (IMF) 05.1.07 Pension Reform in China: The Need for a New Approach
Steven Dunaway and Vivek Arora
The rapid aging of China's population over the next few decades makes it important for a new pension system with broad and adequate coverage to be put in place quickly. Pension reforms, first initiated in 1997, have become bogged down in difficulties...
Pension Reform, Rural, Urban
American Enterprise Institute for Public Policy Research 03.1.07 Will India Be a Better Strategic Partner Than China?
Dan Blumenthal
The Joint Declaration signed on July 18, 2005, by President George W. Bush and Indian Prime Minister Manmohan Singh has been heralded in some quarters as the equivalent of President Richard Nixon’s opening to China. The opening to China under President...
India, Strategic Partnership, U.S.-China Relations
Congressional Research Service 01.13.07 Is China a Threat to the U.S. Economy?
Craig K. Elwell, Marc Labonte
The rise of China from a poor, stagnant country to a major economic power within a time span of only twenty-eight years is often described by analysts as one of the greatest economic success stories in modern times. From 1979 (when economic reforms were...
Economic Growth, Foreign Direct Investment, Imports and Exports, International Relations, Trade
World Wildlife 01.12.07 The State of Wildlife Trade in China
Xu Ling, Liu Xueyan, Meng Meng, Yin Feng, Dick Tong, Timothy Lam, Xu Hongfa, Joyce Wu
This edition aims to highlight wildlife trade trends in threatened and at-risk wildlife from the past year, with an emphasis on the impact of China’s consumption on globally important biodiversity ‘hotspots.’ Surveys in 2007 found that while illegal...
Sustainability, Illegal Trade, Medicine, China-Africa Relations, Food
Congressional Research Service 01.4.07 China’s Trade with the United States and the World
Thomas Lum, Dick K. Nanto
As imports from the People’s Republic of China (PRC) have surged in recent years, posing a threat to some U.S. industries and manufacturing employment, Congress has begun to focus on not only access to the Chinese market and intellectual property rights...
Imports and Exports, International Relations, Trade, Currency, U.S.-China Relations, Antidumping
International Monetary Fund (IMF) 01.1.07 Das (Wasted) Kapital: Firm Ownership and Investment Efficiency in China
David Dollar and Shang-Jin Wei
Based on a survey that covers a stratified random sample of 12,400 firms in 120 cities in China with firm-level accounting information for 2002-2004, the authors examine the presence of systematic distortions in capital allocation that result in uneven...
Economic Growth, Economic Policy, State-Owned Enterprises
International Monetary Fund (IMF) 01.1.07 China: Strengthening Monetary Policy Implementation
Bernard J. Laurens and Rodolfo Maino
The People's Bank of China (PBC) has made great strides in modernizing its monetary policy frameworks, but their effectiveness will diminish as the sophistication of the economy increases. Empirical evidence supports maintaining a reference to money in...
Banking, Economic Growth, Monetary Policy
International Monetary Fund (IMF) 12.1.06 Rebalancing China's Economy: What Does Growth Theory Tell Us?
Jahangir Aziz
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 the price...
Consumption, Economic Growth, Investment