Post date: Oct 08, 2012 12:8:50 AM
"Growing like China", Zheng Song, Kjetil Storesletten, and Fabrizio Zilibotti, 2011 AER
Appendix: http://www.aeaweb.org/aer/data/feb2011/20081317_app.pdf
China has gone through a high speed developing period in the last 3 decades. Meanwhile, China has a very high saving rate; more puzzling, China holds a good amount of US treasury bill which yields almost no interest.