China & World Economy Volume 28 Number 4 July–August 2020

Contents

The COVID-19 Pandemic and Its Impact on the Global Economy: What Does It Take to Turn Crisis into Opportunity?
Ligang Song, Yixiao Zhou 1

Seventy Years of Economic Development: A Review from the Angle of New Structural Economics Justin
Yifu Lin, Yan Wang 26

Exchange Rate Volatility, Heterogeneous Firms and Market Concentration
Bing Lu, Yaqi Wang, Xiaofen Tan 51

Financial Factors, Openness and the Natural Interest Rate in China
Hongjin Li, Naifang Su 76

The Stagnant Export Upgrading in Northeast China: Evidence from Value-added Tax Reform
Yan Du, Mengkai Yang, Jing Li, Yunong Li 101