Abstract
China, the Panda, ranks among the world's fastest growing economies. Describing that growth, identifying and quantifying its causes, and examining international competitiveness, a growth corollary, on the assumption that China is structurally similar to a sample of 121 countries, are the purposes of this paper. The inquiry presents economic statistics, including those on convergence, by half decade from the prereform years through the Asian currency crisis. It then sketches a model that links growth to determinants that include total factor productivity (TFP). After estimating parameters it quantifies the growth contributions from the separate causes. On international competitiveness, it studies China's historical record and projects competitiveness into the near term. The paper closes with policy implications.
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