China's Economy

A container truck drives in the container area at the Yangshan Deep Water Port, part of the newly announced Shanghai Free Trade Zone, south of Shanghai (REUTERS/Carlos Barria).

Paper

China's Economic Rebalancing and Lessons from Japan, South Korea and Taiwan

October 2, 2013, David Dollar

China’s senior leaders have spoken for some time about the need to rebalance the economy away from such heavy reliance on exports and investment, towards internal consumption. This working paper by David Dollar examines the earlier development experiences of Japan, South Korea, and Taiwan in order to shed light on the questions of whether China really needs to rebalance towards consumption and how it might be accomplished.

Recent Activity

Refine by: China | Asia and the Pacific | Trade | China's Currency

Expert Q & A | Kenneth G. Lieberthal

Zhu Rongji: Architect of a New, More Global China

September 5, 2013, Kenneth G. Lieberthal
Interview

A Conversation on the U.S.-China Strategic and Economic Dialogue

July 3, 2013, Kenneth G. Lieberthal and Eswar Prasad
In the News

China is Australia’s largest export market so making some headway there is going to be economically important.
July 3, 2013, Joshua Meltzer, BizAsiaAmerica
In the News

The traditional flashpoints between the two countries, the currency issue and trade have diminished as flashpoints. The real opportunity here lies in the fact that China and the U.S. now have a commonality of interests.
June 7, 2013, Eswar Prasad, Bloomberg
In the News

What the U.S. government has done [regarding surveillance] is intrinsically different from what Chinese entities have done. The U.S. government has been acting out of a defensive position; the Chinese engage for a very different perspective, either for commercial secrets or for data mining an interest that China is interested in.
June 7, 2013, Yun Sun, McClatchy
Interview | Washington Journal, C-SPAN

U.S.-China Relations and the Obama-Xi Meetings

June 7, 2013, Cheng Li
In the News

The reality is that there is going to be a wave of money coming from China. It is becoming a richer country. Its households, its firms, its banks are all looking for investment opportunities abroad, and the U.S. still remains a very good place to invest.
June 6, 2013, Eswar Prasad, National Public Radio
In the News

Every bit of technical help, every bit of support that the U.S. can provide to the Chinese while they fight their internal domestic political battles, is going to be very important.
June 6, 2013, Eswar Prasad, McClatchy
In the News

China has subtly but very, very slightly shifted to the defensive on some of these economic issues. They want to make sure they don’t get left out, and I think the U.S. has, again very subtly, tried to maneuver a little bit around China by building stronger relationships with other countries in the Asian region.
June 6, 2013, Eswar Prasad, National Journal
In the News

This is an opportune time for the U.S. to endorse and support China's reform agenda, which is clearly in the long-term interest of both countries. What China would like to send back home would be images of Xi and Obama rolling up their shirt sleeves and getting down to business as equals.
June 5, 2013, Eswar Prasad, Wall Street Journal