The recent wave of foreign investment in China''s banks and the prospects of further opening of the banking sector … under the WTO agreement suggest that foreign banks are likely to play an increasingly important role in China. This paper … investments in China''s banks have been minority shareholdings with very limited management involvement. The paper concludes that …

entry matters more than access to the rest of China, which is consistent with market fragmentation due to underdeveloped …

, loosely based upon China. We calibrate a benchmark equilibrium, and carry out various counterfactual simulations to analyze …

This paper presents some facts on China’s role in the world economy and measures the impact of China’s growth on growth … suggest that spillover effects of China’s growth have increased in recent decades. Long-term spillover effects, estimated …

Although the rest of the world had waited a long time for China to open up, feelings were mixed when it actually did … (WTO), many of its trading partners are increasingly concerned that China’s competition in the world goods and capital … markets may adversely affect their own growth prospects. This paper examines the implications of China’s WTO accession for …

that some types of investment are becoming excessive in China, particularly in inland provinces. In these regions, private … existing trends continue, valuable resources could be wasted at a time when China’s ability to finance investment is facing … to that in manufacturing and real estate. Financial reform would facilitate such a reorientation, helping China to …

considered. As China is a clear example of this pattern, it has been selected to promote understanding of the process …