There are several facts that we document about the Chinese economy during the last decade in this paper: i) The skill premium in wage has been rising till 2008 but falls afterwards; ii) the aggregate investment rate in China increases from 42% in 2008 to 47% in 2013, among which structure investment...
Keywords:
Credit Market Imperfections, Economic growth, Transition, Migration, Abundant Unskilled Labor Supply, Wage Premium