摘要
Despite China's economy maintaining its electrifying annual growth, over 10 percent since 2003, the country has somehow successfully kept its inflation rate at relatively low levels. This growth pattern, which contradicts traditional theories in economics, is challenging many world-renowned economists to speculate on this phenomenon. Fan Gang, Director of the National Economic Research Institute under the China Reform Foundation, and Justin Yifu Lin, Director of the China Center for Economic Research of Peking University, gave their explanations for China's economic miracle at this April's Bo'ao Forum for Asia.
Despite China’s economy maintaining its electrifying annual growth, over 10 percent since 2003, the country has somehow successfully kept its inflation rate at relatively low levels. This growth pattern, which contradicts traditional theories in economics, is challenging many world-renowned economists to speculate on this phenomenon. Fan Gang, Director of the National Economic Research Institute under the China Reform Foundation, and Justin Yifu Lin, Director of the China Center for Economic Research of Peking University, gave their explanations for China’s economic miracle at this April’s Bo’ao Forum for Asia.
