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| Author: | Lardy, N. |
| Title: | Setting down |
| Journal: | China Business Review
1996 : MAY-JUN, VOL. 23:3, p. 8-11 |
| Index terms: | CHINA ECONOMIC CONDITIONS POLICY MAKING |
| Language: | eng |
| Abstract: | Over the past year and a half, China's economy has been achieving the elusive soft landing. China's policymakers are moving in the right direction, though very slowly, as large structural problems persist, including reforms to the State-owned enterprise (SOE) and financial sectors. The PRC growth rate came down to just barely over 10 percent in 1995 - a more sustainable rate than in recent years - and inflation based on the retail price index decreased from an all-time high of 22 percent in 1994 to an average of around 15 percent last year. |
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