China: Economic Reform and Macroeconomic Management

ByGyorgy Szapary, Steven V Dunaway, David Burton, Mario I. Bléjer

March 15, 1991

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

Pages:
43
Volume:
1991
DOI:
https://doi.org/10.5089/9781557752024.084
Issue:
007
Series:
Occasional Paper No. 1991/007
Stock No:
S076EA0000000
ISBN:
9781557752024
ISSN:
0251-6365

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Occasional Papers