This chapter investigates how household income, income inequality, and poverty among urban residents in China have developed since 1988, with an emphasis on the period from 2007 to 2013. We use data from the China Household Income Project (CHIP) to show that during a period when many countries...

This paper addresses a puzzle in China's investment pattern: despite high aggregate investment and remarkable economic growth, negative investment is commonly found at the microeconomic level. Using a large firm-level dataset, we show that private firms divest in order to raise capital. We also...