It seems the government is doing an about-turn from the austerity stance taken at the start of the fiscal year.
To improve medium-term growth, China must heed the lessons of its own history and focus on removing barriers to market entry and entrepreneurship. An economy’s growth rate comes from a combination of an increase in the average size of existing firms (intensive-margin growth) and an increase in the number of firms (extensive-margin growth). A study of the Chinese manufacturing sector that I co-authored with Xiaobo Zhang suggests that during the last few decades, extensive-margin growth accounted for about 70 percent of overall GDP expansion.
While the government is distracted by elections, the financial economy will suffer
Both global and local macro-challenges can have serious implications for the people of Bangladesh
The world’s biggest steel industry in China is in grave crisis.
It seems the government is doing an about-turn from the austerity stance taken at the start of the fiscal year.
To improve medium-term growth, China must heed the lessons of its own history and focus on removing barriers to market entry and entrepreneurship. An economy’s growth rate comes from a combination of an increase in the average size of existing firms (intensive-margin growth) and an increase in the number of firms (extensive-margin growth). A study of the Chinese manufacturing sector that I co-authored with Xiaobo Zhang suggests that during the last few decades, extensive-margin growth accounted for about 70 percent of overall GDP expansion.
While the government is distracted by elections, the financial economy will suffer
Both global and local macro-challenges can have serious implications for the people of Bangladesh
The world’s biggest steel industry in China is in grave crisis.