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Guo Qiyou  and Wang Chunlei Department of Economics, Xiamen University, Xiamen, China   Abstract: The Sino-U.S. trade imbalance and the related debate on RMB appreciation have attracted much attention in recent years. Judging objectively, however, the trade imbalance does not necessarily result in ...

Wang Xiaolu National Economic Research Institute, China Reform Foundation, Beijing   Abstract: This paper responds to criticisms levied at my previous research paper on “gray” household income in China. In 2010, I published a paper estimating the actual income of high-income urban residents ...