Currently, China's expansionary fiscal policy and tight monetary policy have formed an opposing policy mix. This is due to the imbalanced macro-economy, which suffers from the pressures of inflation and slow growth. In response to economic changes, China adjusted its monetary policy as the real...

In November 2002, the 16th National Congress of the Communist Party of China proposed a blueprint of building a comprehensive well-off society in an all-round way in 2020. Since 2003, China's economic strength has been significantly enhanced. The socialist market economic system and its...