The equilibrium of China's economic development is be ginning to improve. Given this trend , what should the government be doing to take advantage of it and maintain steady economic growth? Chen Dongqi, Deputy Dir...The equilibrium of China's economic development is be ginning to improve. Given this trend , what should the government be doing to take advantage of it and maintain steady economic growth? Chen Dongqi, Deputy Director of the Institute of Economic Research of the National Development and Reform Commission, shared his thoughts on this issue with People's Daily.展开更多
The Chinese economy has maintained a bullish run for decades. But in recent years inflation has become more threatening. Worries therefore grow that the robust economy may slump due to the overwhelming macro-economic ...The Chinese economy has maintained a bullish run for decades. But in recent years inflation has become more threatening. Worries therefore grow that the robust economy may slump due to the overwhelming macro-economic controls. How should China rein in inflation and at the same time hedge against economic freefall? What differentiates the country’s macro-economic controls in recent years from those in the past? Liu Shucheng and Zhang Xiaojing, researchers with the Institute of Economics under the Chinese Academy of Social Sciences, gave their opinions in the following excerpts:展开更多
this paper based on the food security, the food the macroeconomic regulation and control of the operation mechanism of the general theory, focus on the China＇s grain macroeconomic regulation and control mechanism, th...this paper based on the food security, the food the macroeconomic regulation and control of the operation mechanism of the general theory, focus on the China＇s grain macroeconomic regulation and control mechanism, the concept of grain macroeconomic regulation and control mechanism, the grain circulation macroeconomic regulation and control tool application, grain circulation macroeconomic regulation and control system, the problem of grain circulation system, food price formation mechanism. Through the research set up grain control of the operation mechanism of general theory.展开更多
This article first presents an analysis of the two most important macro variables: inflation and growth. In respect to inflation that faces a daunting landscape at the present time, China can still hold the inflation ...This article first presents an analysis of the two most important macro variables: inflation and growth. In respect to inflation that faces a daunting landscape at the present time, China can still hold the inflation rate at an appropriate level in 2008. In consideration to a world economic slowdown and primary goods price trends as well as domestic price hikes and production overcapacity, inflation should be able to be kept in check in 2008. In regards to growth, this article employs the Phillips curve equation to arrive at a potential growth rate of 9.4% for China in 2008. Over the next couple of decades, however, the potential growth rate is projected to decline. Subsequently, this article discusses the challenges facing the tightening monetary policy: the trade-off between growth and inflation, the quagmire of liquidity control, the different interest rate movement episodes of China and the Unites States at different stages of economic cycles, and the temporary expediency nature of taming inflation through currency appreciation. Nevertheless, monetary policy still has a positive role to play and China should remain steadfast in pursuing monetary austerity policies. Last but not least, the article presents an outlook for the future.展开更多
Rising production costs, changes in the way of technological progress, the rate of decline in investment income, export-led growh is not sustainable, these factors make the Chinese economy has entered a “new normal....Rising production costs, changes in the way of technological progress, the rate of decline in investment income, export-led growh is not sustainable, these factors make the Chinese economy has entered a “new normal.” This performance is the new normal economic growh rates, “stagflation” risk appears to reduce the employment pressure, increased proportion of consumption, industrial structure transition from labor-intensive to capital-intensive and knowledge-intensive, as well as increased demand for independent research and development. In the “new normal”, China should moderately lower economic growh target, deepening reform, speed up industrial restructuring and independent innovation, the implementation of the policy mix of supply and demand double expansion, demand management, or a small amount of sound monetary tightening, fiscal expansion policy mix. “Destocking” is the main task of the real estate market, due to the effect of crowding out commercial and affordable housing between the stocks is bound to affect the development of affordable housing. Faced with the real estate market structure imbalance, we should supply-side and demand-side two-pronged approach.展开更多
Based on the background of the new era, China's real estate economy has achieved rapid development, which has also stimulated the local economic growth. However, there are still many problems in the process of rea...Based on the background of the new era, China's real estate economy has achieved rapid development, which has also stimulated the local economic growth. However, there are still many problems in the process of real estate economic development, which directly affect the stable and healthy development of China's real estate economy. This paper first analyzes the current situation of China's real estate economic development, and then puts forward the strategies to promote the development of the real estate economy based on the specific situation. At the same time, it focuses on the research on the future development trend of the real estate economy in order to provide reference for the sound development of China's real estate economy.展开更多
this article through to the national food security problems, and puts forward China＇s grain macro-control mechanism is to follow the food economic law, with the national food security as the foundation, the food econ...this article through to the national food security problems, and puts forward China＇s grain macro-control mechanism is to follow the food economic law, with the national food security as the foundation, the food economy structure adjustment as power, based on production and supply balance, trade and consumption balance, price and social grain total cost balance, grain reserves and the retaining rate balance four as the key point, establish and perfect the food security is the core of the production, processing, trade, reserve, consumption for control system, perfect the government macroeconomic regulation and control of the market, protect the food producers and consumers＇ vital interests, early warning and solving the international and domestic food crisis and risk, maintain food markets continue to stability and promote national economic security of food.展开更多
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 Govern...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.展开更多
The relationship between government policy and economic development has been a long- standing topic of academic research andpolicy debate. The government of a transitional economy plays an important role in the proces...The relationship between government policy and economic development has been a long- standing topic of academic research andpolicy debate. The government of a transitional economy plays an important role in the process of economic development. Over the past three decades, the Chinese economy has been growing very rapidly, in particular because of the rapid development of the private sector. However, the performance of private enterprises is still affected by government policies. In the present paper, we examine the changes in large Chinese private enterprises performance during 2003-2006 and test the determinants of such changes. We conclude that the Chinese Government＇s discriminating policies against private enterprises are the main cause of the private sector＇s downturn.展开更多
This paper firstly analyzes the current situation of China’s bamboo industry, the major policy issues, future development trends and policy orientation. And then with industry policy theory as a guide, the paper prop...This paper firstly analyzes the current situation of China’s bamboo industry, the major policy issues, future development trends and policy orientation. And then with industry policy theory as a guide, the paper propounds the basic framework and policy proposals in resources cultivation and management, industrial structure and pattern, markets and trade, industrial organization system, finance and taxes, industrial technology and so forth.展开更多
文摘The equilibrium of China's economic development is be ginning to improve. Given this trend , what should the government be doing to take advantage of it and maintain steady economic growth? Chen Dongqi, Deputy Director of the Institute of Economic Research of the National Development and Reform Commission, shared his thoughts on this issue with People's Daily.
文摘The Chinese economy has maintained a bullish run for decades. But in recent years inflation has become more threatening. Worries therefore grow that the robust economy may slump due to the overwhelming macro-economic controls. How should China rein in inflation and at the same time hedge against economic freefall? What differentiates the country’s macro-economic controls in recent years from those in the past? Liu Shucheng and Zhang Xiaojing, researchers with the Institute of Economics under the Chinese Academy of Social Sciences, gave their opinions in the following excerpts:
文摘this paper based on the food security, the food the macroeconomic regulation and control of the operation mechanism of the general theory, focus on the China＇s grain macroeconomic regulation and control mechanism, the concept of grain macroeconomic regulation and control mechanism, the grain circulation macroeconomic regulation and control tool application, grain circulation macroeconomic regulation and control system, the problem of grain circulation system, food price formation mechanism. Through the research set up grain control of the operation mechanism of general theory.
文摘This article first presents an analysis of the two most important macro variables: inflation and growth. In respect to inflation that faces a daunting landscape at the present time, China can still hold the inflation rate at an appropriate level in 2008. In consideration to a world economic slowdown and primary goods price trends as well as domestic price hikes and production overcapacity, inflation should be able to be kept in check in 2008. In regards to growth, this article employs the Phillips curve equation to arrive at a potential growth rate of 9.4% for China in 2008. Over the next couple of decades, however, the potential growth rate is projected to decline. Subsequently, this article discusses the challenges facing the tightening monetary policy: the trade-off between growth and inflation, the quagmire of liquidity control, the different interest rate movement episodes of China and the Unites States at different stages of economic cycles, and the temporary expediency nature of taming inflation through currency appreciation. Nevertheless, monetary policy still has a positive role to play and China should remain steadfast in pursuing monetary austerity policies. Last but not least, the article presents an outlook for the future.
文摘Rising production costs, changes in the way of technological progress, the rate of decline in investment income, export-led growh is not sustainable, these factors make the Chinese economy has entered a “new normal.” This performance is the new normal economic growh rates, “stagflation” risk appears to reduce the employment pressure, increased proportion of consumption, industrial structure transition from labor-intensive to capital-intensive and knowledge-intensive, as well as increased demand for independent research and development. In the “new normal”, China should moderately lower economic growh target, deepening reform, speed up industrial restructuring and independent innovation, the implementation of the policy mix of supply and demand double expansion, demand management, or a small amount of sound monetary tightening, fiscal expansion policy mix. “Destocking” is the main task of the real estate market, due to the effect of crowding out commercial and affordable housing between the stocks is bound to affect the development of affordable housing. Faced with the real estate market structure imbalance, we should supply-side and demand-side two-pronged approach.
文摘Based on the background of the new era, China's real estate economy has achieved rapid development, which has also stimulated the local economic growth. However, there are still many problems in the process of real estate economic development, which directly affect the stable and healthy development of China's real estate economy. This paper first analyzes the current situation of China's real estate economic development, and then puts forward the strategies to promote the development of the real estate economy based on the specific situation. At the same time, it focuses on the research on the future development trend of the real estate economy in order to provide reference for the sound development of China's real estate economy.
文摘this article through to the national food security problems, and puts forward China＇s grain macro-control mechanism is to follow the food economic law, with the national food security as the foundation, the food economy structure adjustment as power, based on production and supply balance, trade and consumption balance, price and social grain total cost balance, grain reserves and the retaining rate balance four as the key point, establish and perfect the food security is the core of the production, processing, trade, reserve, consumption for control system, perfect the government macroeconomic regulation and control of the market, protect the food producers and consumers＇ vital interests, early warning and solving the international and domestic food crisis and risk, maintain food markets continue to stability and promote national economic security of food.
文摘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.
文摘The relationship between government policy and economic development has been a long- standing topic of academic research andpolicy debate. The government of a transitional economy plays an important role in the process of economic development. Over the past three decades, the Chinese economy has been growing very rapidly, in particular because of the rapid development of the private sector. However, the performance of private enterprises is still affected by government policies. In the present paper, we examine the changes in large Chinese private enterprises performance during 2003-2006 and test the determinants of such changes. We conclude that the Chinese Government＇s discriminating policies against private enterprises are the main cause of the private sector＇s downturn.
基金This project was supported by national key scientific and technological item "policy study on bamboo and rattan resource cultivationand industrialization for high efficient utilization" (2004BA506B05).
文摘This paper firstly analyzes the current situation of China’s bamboo industry, the major policy issues, future development trends and policy orientation. And then with industry policy theory as a guide, the paper propounds the basic framework and policy proposals in resources cultivation and management, industrial structure and pattern, markets and trade, industrial organization system, finance and taxes, industrial technology and so forth.
