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| Author: | Li, Xiaoxi |
| Title: | Deflation shall continue for a rather long period (origional in Chinese) |
| Journal: | Economy and Information (c)
1999 : 12, p.9 |
| Index terms: | DEFLATION CHINA |
| Language: | chn |
| Abstract: | The current economic situation is:1.The export grew, in August rising 17.8% compared with the same month of last year; the scope of price-falling and the stock of industrial products decreased but that was not up to a mark showing the economy's rise. 2. Consumption is hard to rise in a short time and the insufficient demand for investment cannot pull the economy up. 3.Deflation has self-constriction mechanism and this effect in turn is strengthening itself under the condition of track-changing. 4.China's rate of GDP growth has not been up to the expected level and only by high growth can the level of US$800 to 1000 per capita be reached. So it is not easy to reverse the trend of deflation. |
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