Occasional Papers

China: Economic Reform and Macroeconomic Management

By Gyorgy Szapary, Steven V Dunaway, David Burton, Mario I. Bléjer

March 15, 1991

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Gyorgy Szapary, Steven V Dunaway, David Burton, and Mario I. Bléjer China: Economic Reform and Macroeconomic Management, (USA: International Monetary Fund, 1991) accessed November 8, 2025, https://doi.org/10.5089/9781557752024.084

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Summary

China encountered problems preserving economic stability while pursuing reforms aimed at increasing its economic flexibility and efficiency. This paper examines China's experience with market-oriented reforms since 1978, offering lessons for other centrally planned economies in the midst of transition to free markets.

Subject: Credit, Expenditure, Fiscal policy, Foreign exchange, Inflation, Money, Prices

Keywords: Centrally planned economies, China's experience, Credit, Currency holding, East Asia, Eastern Europe, Enterprise, Enterprise reform, Global, Inflation, OP, Reform process, Role of monetary and fiscal policies

Publication Details

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