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China & World Economy / 101–126, Vol. 28, No. 4, 2020 

The Stagnant Export Upgrading in Northeast China: 
Evidence from Value-added Tax Reform 

Yan Du, Mengkai Yang, Jing Li, Yunong Li 

Abstract 
China’s 2004 value-added tax (VAT) pilot reform in the Northeast region, which changed the VAT from production type to consumption type, introduced a......
China & World Economy / 1–25, Vol. 28, No. 4, 2020 

The COVID-19 Pandemic and Its Impact on the Global Economy: 
What Does It Take to Turn Crisis into Opportunity? 

Ligang Song, Yixiao Zhou 

Abstract 
The COVID-19 pandemic broke out at a time when there were heightened uncertainties in the global economy. Understanding these uncertainties provi......
China & World Economy / 76–100, Vol. 28, No. 4, 2020 

Financial Factors, Openness and the Natural Interest Rate in China 
Hongjin Li, Naifang Su 

Abstract 
China’s financial market has undergone significant changes since financial deleveraging commenced and regulatory supervision was tightened in 2017. Intensifying China–US trade tensions have......
China & World Economy / 26–50, Vol. 28, No. 4, 2020 

Seventy Years of Economic Development: 
A Review from the Angle of New Structural Economics Justin 

Yifu Lin, Yan Wang 

Abstract 
This review paper provides a new narrative by combing through the experiences of structural transformation among developing countries and discussing the roles of g......
China & World Economy Volume 28 Number 4 July–August 2020 

Contents

The COVID-19 Pandemic and Its Impact on the Global Economy: What Does It Take to Turn Crisis into Opportunity? 
Ligang Song, Yixiao Zhou 1 

Seventy Years of Economic Development: A Review from the Angle of New Structural Economics Justin 
Yifu Lin, Yan Wang 26 

Exchange Rate V......
China & World Economy / 51–75, Vol. 28, No. 4, 2020

Exchange Rate Volatility, Heterogeneous Firms and Market Concentration 

Bing Lu, Yaqi Wang, Xiaofen Tan

Abstract
With the gradual promotion of market-oriented reform of the RMB exchange rate, the fluctuation range of the RMB exchange rate is increasing. How to deal with the impact of exchange ......
The Boao Forum for Asia, a non-governmental and non-profit international organization with a fixed conferencedate and a fixed domicile, has become an important and high-profile platform for dialogues on Asian and globalissues for government, industrial an...
China Daily, July 14, 2020
 
Departure from past practices
By ZHANG LIN


International tax principles need updating to accommodate the digitalization of the economy

The Office of the United States Trade Representative announced on June 2 that it had initiated an investigation under Section 301 of the Trade Act of 1974 into Digital Services Taxes ......
GGP | GLOBAL GOVERNANCE
Policy Brief No. 202013
June 30, 2020
(本文已发表于China Daily | June 29, 2020)
[PDF Download]
Series on #Global Health Governance# No. 8
Driver for development
Shen Chen

Today there are around 700 million people suffering from extreme poverty in the world, of whom more than a half are in Sub-Saharan Africa. Against this ba......
[PDF Download]
The Impact of COVID-19 
on World Economy and China’s Role
Xu Xiujun
 
Abstract: Recent years have seen more countries to experience “three lows and three highs” problems. The pandemic triggered the exposure of these accumulated risks, leading to a slump in world economic growth. Given the developing trend of world economy amid the......
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