Volume 20 Number 6 November–December 2012
Creeping Tiger, Soaring Dragon: India, China and Competition in Information
Technologies
Anindya Chaudhuri 1
How would Capital Account LiberalizationAffect China's Capital Flows and the
Renminbi Real Exchange Rates?
Dong He, Lillian Cheung, Wenlang Zhang, Tommy Wu 29
Provincial Output Spillovers in China: Global VectorAutoregressiveApproach
Hui Peng, Bonghan Kim 55
Assessment of Local Public Finance Performance in ChinaWhen Undesirable
Fiscal Phenomena are Taken into Account
Shujian Zhang, Jun Zhang, Shiyi Chen 82
Who Plays the Key Role among Shanghai, Shenzhen and Hong Kong Stock
Markets?
Jian Wang, Junfeng Zhu, Feifei Dou 102
Statistical Data
Changes in China’s Main Economic Indicators 121
The Latest Statistics for Imports and Exports 123