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China & World Economy Volume 24 Number 2 March–April 2016 

Contents

Completing China’s Interest Rate Liberalization 

Yuyan Tan, Yang Ji, Yiping Huang 1 

Causes and Remedies of the Japan’s Long-lasting Recession: Lessons for China 

Naoyuki Yoshino, Farhad Taghizadeh-Hesary 23 

Exchange Rate Pass-through to China’s Export Price: A Product-l......
China & World Economy / 107–126, Vol. 24, No. 2, 2016 

Asymmetric Fluctuating Behavior of China’s Housing Prices 

Wen-Yuan Lin, I-Chun Tsai* 

Abstract 
The present study explains the reasons for the imbalanced development of the Chinese housing market. Using the quantile autoregression unit-root test, we examine housing prices in China’s five......
China & World Economy  / 93–110, Vol. 24,  No. 4, 2016
 
International Migration Policies: Should They 
Be A New G20 Topic?
Andrea Goldstein, Alessandra Venturini*
 
Abstract
International migration should be a core subject for global governance, given its transnational nature, and yet it is its “ugly duckling” and the global community has shied......
China & World Economy Volume 24 Number 4 July–August 2016 

Special Issue 
Towards the 2016 G20 – Global Analyses 
and Challenges for the Chinese Presidency 

Guest Editors: Andrea Goldstein, Alessia Amighini 

Introduction: Contextualizing the 2016 G20: Global Analyses and Challenges for the Chinese Presidency 

Alessia Amighini, Andrea Goldstei......
China & World Economy  / 111–126, Vol. 24,  No. 4, 2016
The BRICS and the G20
Huifang Tian*
 
Brazil, Russia, India, China and South Africa (BRICS) have come together economically as a group since 2009. Their cooperation has been driven not only by economic and political factors, but also the failure of the existing global economic governance fram......
China & World Economy / 85–103, Vol. 24, No. 1, 2016 

Estimating Chinese Trade Relationships with the Silk Road Countries 
E. Mine Cinar, Joseph Johnson, Katherine Geusz* 

Abstract 

In this paper we discuss the extent to which countries in the former Silk Road regions are either reaching or failing to reach their trading potential with China. W......
China & World Economy / 1–17, Vol. 24, No. 1, 2016 

China’s Nonfinancial Corporate Debt Dynamics 

Yongding Yu, Ting Lu* 

Abstract 
Since the global financial crisis broke out in 2008, China’s nonfinancial corporate debt has been rising steadily and rapidly, posing serious threat to China’s financial stability. China’s rising corporate debt ......
China & World Economy  / 15–33, Vol. 24,  No. 4, 2016
Macroeconomic Rebalancing in China and the G20
Jeffry A. Frieden*
 
Abstract
The principal challenge facing the world economy is the risk of recurrent financial crises. Global macroeconomic imbalances create the conditions for boom-and-bust cycles that are extremely costly for the countries tha......
China & World Economy  / 63–84, Vol. 24,  No. 1, 2016
International Trade and R&D Investment: 
Evidence from Chinese Manufacturing Firms
       Yixiao Zhou, Ligang Song*
 
Abstract
A current concern for China’s long-term growth prospect is whether China can become an innovative economy and achieve industrial upgrading to compensate for the gradua......
China & World Economy  / 23–47, Vol. 24,  No. 2, 2016
 
Causes and Remedies of the Japan’s Long-lasting Recession: 
Lessons for China
 
Naoyuki Yoshino, Farhad Taghizadeh-Hesary* 
 
Abstract
Japan has suffered from sluggish economic growth and recession since the early 1990s. In this paper, we analyze the causes of the prolonged slowdown of the J......
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