China is a vast country that has changed rapidly over the past four decades. The Chinese Economic Growth Initiative will conduct ground-breaking research to provide a better understanding of the factors driving China’s extraordinary economic expansion. A second objective of this Initiative will be access for Chinese and US researchers to reliable data about the impacts of its institutional structures on economic growth.
To facilitate this work, the BFI, the Chinese University of Hong Kong, and Tsinghua University have formed a collaborative research project to explore the role of various institutions in China’s economic growth model. This collaboration will leverage a unique combination of Chinese administrative and commercial data to produce rigorous, world-class research.
Key questions this Initiative will explore include:
- What are the costs and benefits of the current system?
- How could the institutional foundation of the China Model impact long-run business growth?
- How can current institutions at the state and local levels work better in terms of economic efficiency?
“This partnership will include collaborations with both the Chinese government and the private sector to develop a systematic approach for analyzing real-time data from multiple sources. The goal is to improve the measurement of China’s current economic status, which will hopefully make the Chinese economy more transparent.”