An undeniable fact is that China practices macro-control more frequently than countries with a developed market economy. Since the country began to adopt the policy of reform and opening up in 1978, the Central Govern...An undeniable fact is that China practices macro-control more frequently than countries with a developed market economy. Since the country began to adopt the policy of reform and opening up in 1978, the Central Government has launched five adjustments to cool down the economy. Professor Li Yiping at the School of Economics, the Renmin University of China, attributes the frequent control practices to the immature economic system.展开更多
The equilibrium of China's economic development is be ginning to improve. Given this trend , what should the government be doing to take advantage of it and maintain steady economic growth? Chen Dongqi, Deputy Dir...The equilibrium of China's economic development is be ginning to improve. Given this trend , what should the government be doing to take advantage of it and maintain steady economic growth? Chen Dongqi, Deputy Director of the Institute of Economic Research of the National Development and Reform Commission, shared his thoughts on this issue with People's Daily.展开更多
The Chinese economy has maintained a bullish run for decades. But in recent years inflation has become more threatening. Worries therefore grow that the robust economy may slump due to the overwhelming macro-economic ...The Chinese economy has maintained a bullish run for decades. But in recent years inflation has become more threatening. Worries therefore grow that the robust economy may slump due to the overwhelming macro-economic controls. How should China rein in inflation and at the same time hedge against economic freefall? What differentiates the country’s macro-economic controls in recent years from those in the past? Liu Shucheng and Zhang Xiaojing, researchers with the Institute of Economics under the Chinese Academy of Social Sciences, gave their opinions in the following excerpts:展开更多
文摘An undeniable fact is that China practices macro-control more frequently than countries with a developed market economy. Since the country began to adopt the policy of reform and opening up in 1978, the Central Government has launched five adjustments to cool down the economy. Professor Li Yiping at the School of Economics, the Renmin University of China, attributes the frequent control practices to the immature economic system.
文摘The equilibrium of China's economic development is be ginning to improve. Given this trend , what should the government be doing to take advantage of it and maintain steady economic growth? Chen Dongqi, Deputy Director of the Institute of Economic Research of the National Development and Reform Commission, shared his thoughts on this issue with People's Daily.
文摘The Chinese economy has maintained a bullish run for decades. But in recent years inflation has become more threatening. Worries therefore grow that the robust economy may slump due to the overwhelming macro-economic controls. How should China rein in inflation and at the same time hedge against economic freefall? What differentiates the country’s macro-economic controls in recent years from those in the past? Liu Shucheng and Zhang Xiaojing, researchers with the Institute of Economics under the Chinese Academy of Social Sciences, gave their opinions in the following excerpts:
