Chinese economy

The Chinese economy stands at crossroads. To manage the next steps of the transformation the conditions for innovation-led growth should be improved. In contrast to the export- and investment based strategy of the past, private consumption will play a more vital role. Faster urbanization can promote the change, as it provides better conditions for the expansion of the services sector. Investment in infrastructure to build a new silk-road might provide a further engine of sustained growth.

The pre-conditions for the transformation are far from being optimal, and reforms in many areas are on the agenda. Demographic change and the low level of social security puts downward pressure on private consumption. Innovation activities of private firms are still restricted, as the access to bank credit is rather limited. Non performing loans in bank balances increased due to excessive lending to state-owned firms. The cutback of overcapacities in many industrial sectors can lead to higher unemployment, and new jobs are required notably for the low-skilled.


Chinese economic transformation

Real estate and financial markets

Financing conditions for private firms

Chinese investment in Europe

Research fellowship

Chinese Academy of Social Sciences, Beijing

Renmin University of China, Beijing

Chinese Economists Society

Sessions at ASSA conferences

The integration of China into the world economy, Chicago 2012

The sustainability of the Chinese growth model, Philadelphia 2014

Institutional conditions for sustainable growth, Boston 2015

Some references

Is there a Chinese real estate bubble? Regional evidence and implications
Urban Policy and Research 31, 2013, 27-39 (with Zhang)

The Chinese impact on output growth and inflation in industrial countries
Economic Modelling 38, 2014, 184-189 (with Zhang)

On the relevance of exports for regional output growth in China
Applied Economics 46, 2014, 4302-4308 (with Zhang)

Understanding Chinese consumption. The impact of Hukou
Development and Change 46, 2015, 1331-1345 (with Wang, Zhang)

Determinants of Chinese direct investments in the European Union
Applied Economics 49, 2017, 4231-4240 (with Schueler-Zhou, Schueller)

The end of cheap labour: Are foreign investors leaving China?
Asian Economic Papers 17, 2018, 94-117 (with Donaubauer)

Determining minimum wages in China. Do economic factors dominate?
Review of Urban and Regional Development Studies 31, 2019, 44-59 (with Kosfeld, Zhang)

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