Occasional Papers

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Format: Chicago

Gyorgy Szapary, Steven V Dunaway, David Burton, and Mario I. Bléjer China: Economic Reform and Macroeconomic Management, (USA: International Monetary Fund, 1991) accessed 12/5/2025, 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