Trade-policy reform is an essential feature of China’s economic transition to a market economy. On the one hand, the liberalisation and decentralisation of export activities has boosted exports. On the other hand, the reform of China’s import regime has been progressing much more slowly....

This paper is a contribution to the ongoing debate on the relationship between economic growth and the environment. Through a contrast of the experiences of two regional groupings of countries — East Asia and Eastern Europe — that have both experienced rapid industrialisation, it makes clear...

Over the last decade, China has been the leading investor among developing countries and Hong Kong is the foremost destination of Chinese investment. However, China’s outward investment has been grossly understated in official statistics due to avoidance of China’s foreign exchange controls....