Growing like China: understanding the puzzle of China’s economic transition

By Paul Walker 12/01/2014

In this short audio from Fabrizio Zilibotti talks to Viv Davies about Zilibotti’s award-winning paper ‘Growing Like China’ (co-authored with Zheng Song, Kjetil Storesletten and Yikai Wang) that addresses the puzzle of the combination of high growth and high return to capital in China with a growing foreign surplus. They also discuss pensions and demographic transition in China, factors that are driving the country’s growth and the country’s future role in the global economy.