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China's Economy: Confronting Restructuring and Stability
Reprinted with permission from The Asian Financial Crisis: Lessons for a Resilient Asia, edited by Wing Thye Woo, Jeffrey D. Sachs, and Klaus Schwab, The MIT Press, 2000, ©World Economic Forum.
https://doi.org/10.1142/9789812778277_0001Cited by:2 (Source: Crossref)
Abstract:
The following sections are included:
Introduction
The Restructuring Imperative
The Macroeconomic Situation
Responding to the Post-1997 Deflation
Faster Approval of Investment Applications
Expansionary Fiscal Policy
Easier Monetary Policy
Housing Reform as a Short-Run Stimulus
Results of the Reflation Package
Susceptibility of China to a Financial Crisis
The Importance of Financial Intermediation for Stabilisation and Growth
The Many Disappointments of State Enterprise Reform
Concluding Remarks
References
