-price increase negatively affects output and investment, but positively affects inflation rate and interest rate. However, with the …, the impact on real economy, represented by real output and real investment, lasts much longer than that to price … through an investment change, increases steadily and exceeds that of short-term impact at the end of the second year …

The Chinese economy does still not qualify as demand-driven economy. Its growth is based on investment. In fact … successive waves of investment have emerged during the eighties and produced a piling-up of productive systems. A wave of small … national enterprises and entrepreneurs, a second large wave of foreign direct investment from overseas Chinese mainly from Hong …

Now close to 50 percent of GDP, this paper assesses the appropriateness of China's current investment levels. It finds …, partly due to a surge in investment over the last decade. Moreover, its investment is significantly higher than suggested by …

Real estate investment accounts for a quarter of total fixed asset investment (FAI) in China. The real estate sector … estate investment in China though a low-probability event would be sizable, with large spillovers to a number of China … and the rest of the G20 economies, we find that a 1-percent decline in China's real estate investment would shave about 0 …

spillovers to household income and consumption. In this context, investment in agriculture and services is found to be superior …This paper proposes a possible framework for identifying excessive investment. Based on this method, it finds evidence … that some types of investment are becoming excessive in China, particularly in inland provinces. In these regions, private …