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| Author: | Ni, Xiaoting He, Jianming |
| Title: | Macro adjustment and control in China: review and prospects (original in Chinese) |
| Journal: | Management World (c)
1996 : 4, p.21-25 |
| Index terms: | ECONOMIC GROWTH ECONOMIC ANALYSIS CHINA |
| Language: | chi |
| Abstract: | As a moderately tight policy of adjusting and controlling the national economic aggregates was adopted in 1995, the inflation rate was controlled within 15% and the national economy grew at a rate of 10.2%, thus basically achieving expected goal of macro control. In 1996, the economic growth rate is expected to reach 9-10% and the inflation rate will be controlled at 10% or so. The total consumption will grow by 25% or so, the rate of investment will fall to 33% or so and the investment in fixed assets will increase by 17% or so. The import and export will be balanced basically with import and export growing by 20% or so and 6% or so respectively. The exchange rate of RMB against the US dollar will The exchange rate of RMB against the US dollar will keep stability. |
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