Brookings Papers on Economic Activity 2:2006

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Contents include: • The Return to Capital in China 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 Wendy Dobson (University of Toronto) and Anil Kashyap (University of Chicago) • The Sources and Sustainability of China’s Economic Growth Gary Jefferson (Brandeis University), Albert Hu (National University of Singapore), and Jian Su (Peking University)

William C. Brainard is professor of economics at Yale University. George L. Perry is a senior fellow in the Economic Studies program at the Brookings Institution.