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China’s real estate sector and the impacts of its possible disorder on Chinese economy and the euro area
(16.12.2021)
BOFIT Policy Brief 13/2021
BOFIT Policy Brief 13/2021
China’s real estate and construction sector has served as a major engine of economic growth in recent decades and the sector now plays an oversized role in the economy. Much of that growth has been debt-fuelled, with the ...
The impact of Covid-19 on global value chains
(15.01.2021)
BOFIT Policy Brief 2/2021
BOFIT Policy Brief 2/2021
The Covid-19 pandemic has hit international trade hard, creating concerns of serious disruptions to global value chains (GVCs). This paper provides a preliminary analysis on the development of GVC trade during the current ...
Kiinan kiinteistösektorin kriisiytymisen vaikutuksista Kiinan talouteen ja euroalueelle
(08.12.2021)
BOFIT Policy Brief 12/2021
BOFIT Policy Brief 12/2021
Kiinassa kiinteistösektori ja rakentaminen toimivat talouskasvun vetureina viime vuosikymmenellä ja niiden merkitys taloudelle kasvoi poikkeuksellisen suureksi. Kasvu oli kuitenkin erittäin velkavetoista ja etenkin rakentajien ...