search query: @indexterm Economic growth / total: 1784
reference: 326 / 1784
| Author: | Song, Qinghua |
| Title: | On the relation between the stability of the currency value and the economic growth (original in Chinese) |
| Journal: | Journal of Zhongnan University of Finance and Economics (c)
1999 : 5, p.58-61 |
| Index terms: | CURRENCY MARKETS ECONOMIC GROWTH CHINA |
| Language: | chn |
| Abstract: | In 1998, the economic growth reached 7.8% at the same time when the exchange rate of the Renminbi maintained stable. Hence, it is necessary to deal well with the relation between the stability of currency value and the economic growth. 1.It is not suitable to stimulate the economic growth by means of inflation. 2.In the present China, the insufficiency of demand is an immediate one, so the adoption of deflation is not helpful to the economic growth. 3.It is the basic requirement for the economic growth to maintain the exchange rate of the Renminbi basically stable. At the same time, our aim is to develop the economy with low inflation even without inflation. |
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