China & World Economy Volume 27 Number 6 November–December 2019

Contents

Input Trade Liberalization and the Export Duration of Products: Evidence from China
Dinggen Zhou, Jingjing Yang, Mingyong Lai 1

Cultural Factors and Study Destinations of International Students
Hao Wei, Ran Yuan, Laixun Zhao 26

Who Infl uences the Asian-Pacifi c Real Estate Markets: The US, Japan or China?
Kim Hiang Liow, Yuting Huang, Jeongseop Song 50

Global Imbalance Adjustment: Stylized Facts, Driving Factors and China’s Prospects
Ming Zhang, Yao Liu 79

Zombie Firms and Debt Accumulation: A Theoretical Framework and Chinese Experience
He Zhu, Fan He, Shennan Wang, Qianlin Ye, Chen Liang 104