Hunter Clark, Maxim Pinkovskiy, Xavier Sala-i-Martin, 01 July 2017

Unofficial indicators of Chinese GDP often suggest that Beijing’s growth figures are exaggerated. This column uses nighttime light as a proxy to estimate Chinese GDP growth. Since 2012, the authors’ estimate is never appreciably lower, and is in many years higher, than the GDP growth rate reported in the official statistics. While not ruling out the risk of future turmoil, the analysis presents few immediate indications that Chinese growth is being systematically overestimated.

Fabrizio Zilibotti, 21 September 2016

Can China shift to innovation-led growth after decades of investment-led growth? In this video, Fabrizio Zilibotti presents his research on what China could do and the implications for the rest of the world. This video was recorded during the European Economic Association's Congress held in Geneva at the end of August 2016. 

Miaojie Yu, 18 May 2016

When China opened up, Chinese income increased and China went from a poor to a middle-income country. In this video, Miajie Yu discusses the impact of trade liberalisation on firm productivity in China. Openness to trade had a big impact on processing trade – such as putting together iPhones – and now accounts for half of Chinese trade. This video was recorded in March 2016 during the Royal Economic Society’s Annual Conference held at the University of Sussex.

Jeffrey Frankel, 27 January 2016

The Shanghai Stock Exchange Composite Index has dropped substantially in the past few months. China’s growth rate has also slowed. This column argues that the slowdown of the Chinese economy has little to do with the stock exchange, and is mostly due to economic forces. The author recommends a package of policies that need to be implemented to smooth the transition to a sustainable growth rate. 

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