摘要
An undeniable fact is that China practices macro-control more frequently than countries with a developed market economy. Since the country began to adopt the policy of reform and opening up in 1978, the Central Government has launched five adjustments to cool down the economy. Professor Li Yiping at the School of Economics, the Renmin University of China, attributes the frequent control practices to the immature economic system.
An undeniable fact is that China practices macro-control more frequently than countries with a developed market economy. Since the country began to adopt the policy of reform and opening up in 1978, the Central Government has launched five adjustments to cool down the economy. Professor Li Yiping at the School of Economics, the Renmin University of China, attributes the frequent control practices to the immature economic system.