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Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues.

Contents:

Editors' Summary (Full Text)

The Sources and Sustainability of China's Economic Growth (Abstract)
Gary H. Jefferson (Brandeis University), Albert G. Z. Hu (National University of Singapore), and Jian Su (Peking University)

The Return to Capital in China (Abstract)
Chong-En Bai (Tsinghua University), Chang-Tai Hsieh (University of California, Berkeley), and Yingyi Qian (University of California, Berkeley)

The Contradiction in China's Gradualist Banking Reforms (Abstract)
Wendy Dobson (University of Toronto) and Anil K Kashyap (University of Chicago)