China’s Economic Performance and Prospects for the First Half of 2009
China’s economic downturn has been brought under control with a series of stimulus policies, and the economy is in a critical period of stable recovery. In the first half of this year, its GDP growth reached 7.1%, and is expected to rise in the second half of the year. Overall, the annual growth rate for this year may exceed the goal of 8%. Maintaining growth remains a top priority of the next stage of macro-regulation, and China must steadfastly implement a proactive fiscal policy and moderately relaxed monetary policy. In maintaining growth and expanding domestic consumption, China should be patient, fol ow the laws of economic development, and properly balance the urgent economic growth priorities with long-term sustainable development. Macro-regulation should highlight transformation of growth pattern, strategic restructuring and improvement of economic efficiency. We should implement the policies that have been already issued, and make policy preparations against emerging domestic and international situations and problems
Year of publication: |
2010
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---|---|
Publisher: |
[S.l.] : SSRN |
Subject: | China | Wirtschaftslage | Macroeconomic performance | Wirtschaftswachstum | Economic growth | Wirtschaftsreform | Economic reform |
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