By contrast to a slowdown in the world economy, China kept up a rapid growth rate, a relatively high quality of growth and low inflation for the year 2001. This is mainly due to the result of proactive fiscal policies...By contrast to a slowdown in the world economy, China kept up a rapid growth rate, a relatively high quality of growth and low inflation for the year 2001. This is mainly due to the result of proactive fiscal policies that the Chinese Government adopted to stimulate domestic demand. Domestic demand can be divided into investment demand and consumption demand,展开更多
The growth of the world economy in 2001 featured significant slowdowns, with various developed countries plunging into economic recessions or economic downturns synchronously. Against this context, China was able to m...The growth of the world economy in 2001 featured significant slowdowns, with various developed countries plunging into economic recessions or economic downturns synchronously. Against this context, China was able to maintain a 7.3 percent growth. A simple direct comparison of economic growth of all countries shows that China outshone all the others.展开更多
I. IntroductionSince the "reform and opening up" policy began in 1978, China has sustained high growth. This success is associated with a gradual market-oriented reform. A central feature of this gradual ref...I. IntroductionSince the "reform and opening up" policy began in 1978, China has sustained high growth. This success is associated with a gradual market-oriented reform. A central feature of this gradual reform is that the dominant state-owned enterprises have not been directly privatized; instead, the government chose to gradually introduce market forces into the economy, and at the same time, gradually reduce restrictions on the development of market-oriented non-state-owned enterprises, especially rural collective enterprises.展开更多
The result of the macroeconomic climate index, released by the National Bureau of Statistics (NBS) on May 29, showed that in April the index remained stable for the fourth consecutive month. This contrasts with the fo...The result of the macroeconomic climate index, released by the National Bureau of Statistics (NBS) on May 29, showed that in April the index remained stable for the fourth consecutive month. This contrasts with the four months from September 2007 onwards, when the index showed an "in-creasing" trend. Are the four "stable" indices after four "increasing" ones indications that China’s macroeconomy is moving "from a relatively fast growth to overheating?" When interviewed by China Economic Weekly, Xu Xianchun, Deputy Commissioner with the NBS, said that the Chinese economy is likely to enter a period of adjustment. In the next few years, China’s economic growth will drop gradually.展开更多
In 1995,Beijing’s foreign economic andtrade sector continued to deepen itsrestructuring,give play to its advantagesand overcome its difficulties,and maintainedsustained development in foreign trade,theutilization of ...In 1995,Beijing’s foreign economic andtrade sector continued to deepen itsrestructuring,give play to its advantagesand overcome its difficulties,and maintainedsustained development in foreign trade,theutilization of foreign investment and foreigncooperation. The year 1995 saw an import andexport volume of US＄4.23 billion,5.4 percentup from the previous year,including animport volume of US＄1.74 billion,down 8percent,exports of US＄2.49 billion,17.3percent up from the previous year,whichsurpasses the required US＄2.3 billion ofexports by the municipal government.Specialforeign trade companies and industrial andtrade companies had exports of US＄1.441billion,4.8 percent up from the previousyear,accounting for 57.9 percent of the展开更多
China had entered a period of moderate economic growtht one that is moving at an appropriate pace. China＇s economy is bottoming out and seeking a new balance,
The history of international industrialization shows that Latin American countries and former Soviet Union and Eastern European countries experienced a siginificant drop in economic growth and fell into the middle-inc...The history of international industrialization shows that Latin American countries and former Soviet Union and Eastern European countries experienced a siginificant drop in economic growth and fell into the middle-income trap when their per capita GDP reached 4,000-7,000 international dollar （based on the 1990 prices） as a result of long-term implemented import-oriented strategy and planned economic system. Fortunately, China adopted reform and opening-up policy beginning at a lower development phase and achieved sustained high-speed growth for more than thirty years. Currently, China has surpassed the phase which the above-mentioned countries fell into the middle-income trap. On the other side, experiences of successful runner-ups show that when per capita GDP reached II,000 international dollar （based on the 1990 prices）, economic growth speed will present regularly ＂natural drop ＂. Without internal and external shocks, China＇s economy is expected to reach this level by 2015 and the potential growth rate will possibly drop significantly. In this regard, China＇s toughest challenges will be whether it can effectively prevent and solve the financial risks accumulated during high-speed growth and make a shift to innovation-driven growth model Time is pressing for addressing the above challenges. A fundamental change in the growth model depends on the intensification of reform, in particular, the promotion of an ＂participatory and facilitative reform ＂approach.展开更多
The 2016 G20 Summit will be held in the Chinese city of Hangzhou under the theme of 'Building an innovative,invigorated,interconnected and inclusive world economy'and with the goals of transforming growth patt...The 2016 G20 Summit will be held in the Chinese city of Hangzhou under the theme of 'Building an innovative,invigorated,interconnected and inclusive world economy'and with the goals of transforming growth patterns in innovative ways,improving global economic and financial governance,promoting global trade and investment and nurturing inclusive and interconnected development.展开更多
文摘By contrast to a slowdown in the world economy, China kept up a rapid growth rate, a relatively high quality of growth and low inflation for the year 2001. This is mainly due to the result of proactive fiscal policies that the Chinese Government adopted to stimulate domestic demand. Domestic demand can be divided into investment demand and consumption demand,
基金The paper was excerpied from the major CASS project "Frontier Tracing and Comparative Study of the Macroeconomic Theories and Policies at Home and Abroad".
文摘The growth of the world economy in 2001 featured significant slowdowns, with various developed countries plunging into economic recessions or economic downturns synchronously. Against this context, China was able to maintain a 7.3 percent growth. A simple direct comparison of economic growth of all countries shows that China outshone all the others.
文摘I. IntroductionSince the "reform and opening up" policy began in 1978, China has sustained high growth. This success is associated with a gradual market-oriented reform. A central feature of this gradual reform is that the dominant state-owned enterprises have not been directly privatized; instead, the government chose to gradually introduce market forces into the economy, and at the same time, gradually reduce restrictions on the development of market-oriented non-state-owned enterprises, especially rural collective enterprises.
文摘The result of the macroeconomic climate index, released by the National Bureau of Statistics (NBS) on May 29, showed that in April the index remained stable for the fourth consecutive month. This contrasts with the four months from September 2007 onwards, when the index showed an "in-creasing" trend. Are the four "stable" indices after four "increasing" ones indications that China’s macroeconomy is moving "from a relatively fast growth to overheating?" When interviewed by China Economic Weekly, Xu Xianchun, Deputy Commissioner with the NBS, said that the Chinese economy is likely to enter a period of adjustment. In the next few years, China’s economic growth will drop gradually.
文摘In 1995,Beijing’s foreign economic andtrade sector continued to deepen itsrestructuring,give play to its advantagesand overcome its difficulties,and maintainedsustained development in foreign trade,theutilization of foreign investment and foreigncooperation. The year 1995 saw an import andexport volume of US＄4.23 billion,5.4 percentup from the previous year,including animport volume of US＄1.74 billion,down 8percent,exports of US＄2.49 billion,17.3percent up from the previous year,whichsurpasses the required US＄2.3 billion ofexports by the municipal government.Specialforeign trade companies and industrial andtrade companies had exports of US＄1.441billion,4.8 percent up from the previousyear,accounting for 57.9 percent of the
文摘China had entered a period of moderate economic growtht one that is moving at an appropriate pace. China＇s economy is bottoming out and seeking a new balance,
文摘The history of international industrialization shows that Latin American countries and former Soviet Union and Eastern European countries experienced a siginificant drop in economic growth and fell into the middle-income trap when their per capita GDP reached 4,000-7,000 international dollar （based on the 1990 prices） as a result of long-term implemented import-oriented strategy and planned economic system. Fortunately, China adopted reform and opening-up policy beginning at a lower development phase and achieved sustained high-speed growth for more than thirty years. Currently, China has surpassed the phase which the above-mentioned countries fell into the middle-income trap. On the other side, experiences of successful runner-ups show that when per capita GDP reached II,000 international dollar （based on the 1990 prices）, economic growth speed will present regularly ＂natural drop ＂. Without internal and external shocks, China＇s economy is expected to reach this level by 2015 and the potential growth rate will possibly drop significantly. In this regard, China＇s toughest challenges will be whether it can effectively prevent and solve the financial risks accumulated during high-speed growth and make a shift to innovation-driven growth model Time is pressing for addressing the above challenges. A fundamental change in the growth model depends on the intensification of reform, in particular, the promotion of an ＂participatory and facilitative reform ＂approach.
文摘The 2016 G20 Summit will be held in the Chinese city of Hangzhou under the theme of 'Building an innovative,invigorated,interconnected and inclusive world economy'and with the goals of transforming growth patterns in innovative ways,improving global economic and financial governance,promoting global trade and investment and nurturing inclusive and interconnected development.
