01973cas a2200253 a 4500 AALejournalIMF011752 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475502329 1018-5941 BD-DhAAL BD-DhAAL Geng, Nan. Determinants of Corporate Investment in China : Evidence From Cross-Country Firm Level Data / Nan Geng, Papa N'Diaye. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (19 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper analyzes the evolution of investment in China, its main features, and its key determinants. In recent years, manufacturing, real estate, and infrastructure have been the main drivers of investment. Investment remains largely concentrated in coastal areas, but there has been a shift to greater investments inland in recent years. The empirical analysis of the determinants of investment indicates that financial variables, such as interest rates, the exchange rate, and the depth of the domestic capital market are important determinants of corporate investment. The results suggest in particular that financial sector reform, including that which deregulates and raises real interest rates as well as appreciates the real effective exchange rate, would lower investment and help rebalance growth away from exports and investment toward private consumption. Mode of access: Internet N'Diaye, Papa. IMF Working Papers; Working Paper ; No. 2012/080 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/080/001.2012.issue-080-en.xml IMF e-Library