What are the impacts of the current China-U.S. trade war on the Chinese economy? An analysis shows that while the immediate direct impacts on the Chinese economy are certainly negative, they are small in real terms, affecting less than 0.5 percent of Chinese GDP, and quite manageable. The full...

It is in the long-term interests of both the EU and China to encourage innovation collaboration. Transnational innovation networks or ecosystems can boost innovation outcomes for both sides. European and Chinese leaders should encourage an open mindset among policymakers, businesses, researchers...

The existence of economic slack or inefficiency is a common phenomenon of economies that operate under mandatory central planning. It implies that the economy operates in the interior of its set of production possibilities and not on its frontier. It also implies that output can be increased...

The “New Era,” a term introduced by President Xi Jinping, may also be identified as the Xi Era, during which China will be transformed from a moderately well-off to a strong and wealthy nation. In the new era, the Chinese Government will undertake to deepen economic reform, widen economic...

What are the implications of the Thirteenth Five-Year (2016-2020) Plan for Economic and Social Development of China for Hong Kong? While the Plan is mostly indicative even for the Mainland, and certainly not mandatory for Hong Kong, it does express support for Hong Kong to continue to develop as...

The Renminbi surprised the World markets by its unexpected devaluations first in August 2015 and then in January 2016. Will the Renminbi devalue again? In this paper, the questions of whether the Renminbi is over-valued, whether the level of Chinese official foreign exchange reserves is...

Chinese Abstract:...

Chinese Abstract:...

The Chinese economy is in the midst of a process of transition to a “New Normal”, with slower growth of real GDP, international trade and investment. China has a very high domestic saving rate and hence significant excess savings. Its outbound direct investment has surpassed its inbound...

Significant differences exist between official Chinese and U.S. trade statistics on the magnitudes of the China-U.S. trade balance in goods as well as in goods and services. These differences arise from a number of factors. First, the convention that exports of goods are measured on an FOB (free...