"Until 2014, demand for durable goods was at the heart of China's domestic market growth. This, combined with the expansion of global value chains(GVC), contributed significantly to the rise of Korea's key industries, particularly that of heavy and chemical products, including electrical and...

Until 2014, demand for durable goods was at the heart of China's domestic market growth. This, combined with the expansion of global value chains (GVC), contributed significantly to the rise of Korea's key industries, particularly that of heavy and chemical products, including electrical and...

This study investigates the rising role of China's domestic market expansion from 1995 to 2011 in the world economy's growth. China maintained high domestic expenditure growth during the entire period, with even bigger increases in the last years, when the global financial crisis and subsequent...