## China: Economic Reform and Macroeconomic Management

_Occasional Papers, March 15, 1991_

## Source details

**Canonical URL:** [China: Economic Reform and Macroeconomic Management](https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/china-economic-reform-and-macroeconomic-management-70)

## Other formats

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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

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### 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).*

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_Source: https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/china-economic-reform-and-macroeconomic-management-70_