China: Economic Reform and Macroeconomic Management

Occasional Papers, March 15, 1991

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China: Economic Reform and Macroeconomic Management

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Bibliographic details

• Authors: Gyorgy Szapary, Steven V Dunaway, David Burton, Mario I. Bléjer
• Published: March 15, 1991
• Series: Occasional Papers
• Volume: 1991
• Issue: 007
• Pages: 43
• DOI: https://doi.org/10.5089/9781557752024.084
• Stock No: S076

Summary

• China encountered problems preserving economic stability while pursuing reforms aimed at increasing its economic flexibility and efficiency.
• The 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.

Major Themes and Findings

• Examination of market-oriented reforms in China beginning in 1978.
• Analysis of the interaction between reform policies and macroeconomic stability.
• Lessons drawn for other centrally planned economies transitioning to free markets.
• Subject focus includes Credit, Expenditure, Fiscal policy, Foreign exchange, Inflation, Money, Prices.

Policy Implications and Recommendations (as indicated by scope)

• Policies to balance economic flexibility and efficiency with preservation of macroeconomic stability.
• Role of monetary and fiscal policies in supporting enterprise reform and broader transition processes.
• Consideration of implications for currency holding, enterprise reform, and inflation management.

Authors and Citation

• By Gyorgy Szapary, Steven V Dunaway, David Burton, Mario I. Bléjer
• Publication date: March 15, 1991
• Citation 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 9/19/2026, https://doi.org/10.5089/9781557752024.084

Subjects and Keywords

• 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

Source: IMF publication landing page for "China: Economic Reform and Macroeconomic Management" (Occasional Paper No. 1991/007).