Innovation is known to be important for productivity and economic growth, while intellectual property rights are, in conventional economics models, thought to spur innovation. Yet China, which averaged over 6 percent annual economic growth for three decades and is often cited as a “growth miracle,” ...

Global e-commerce sales surged to US$25.6 trillion in 2018, up 8 percent from 2017. Leading the way are China (US$1.5 trillion), the United States (US$600 billion), and the United Kingdom (US$135 billion) holding the top three spots respectively. Yet Africa, with 17 percent of the world’s population...

We examine the behavior of Chinese government lenders in two debt rescheduling episodes: a “low stakes” case involving Seychelles and a “high stakes” case involving the Republic of Congo. The fact that the Republic of Congo was worse off after rescheduling its debts with Beijing underscores the impo...

This note aims to help recipient countries understand Chinese aid management and structures by providing an overview of those structures and what they mean for the future of aid from China. The note takes into account two key shifts in Chinese aid management in recent years: the formation of CIDCA, ...

Over the past two decades, China has become a major global lender, with outstanding debt claims from direct loans and trade advances alone exceeding 1.5 percent of world GDP. This surge in lending has financed many projects in infrastructure, mining, and energy. The problem is that there is little o...

With the steady decline in new confirmed cases of coronavirus in China beyond Hubei Province, public scrutiny has increasingly shifted to the economy affected by the outbreak, particularly the impact on the plethora of small and medium enterprises (SMEs). An earlier CGD note explored the impact of c...

Since the coronavirus outbreak began in January, Chinese business activity has been severely slowed, affecting China’s position in the global industrial supply chain. The Enterprise Survey for Innovation and Entrepreneurship in China (ESIEC) launched a survey on the “condition of micro, small and me...