chapter Introduction -- part PART I China's macroeconomic management after the Asian fi nancial crisis -- chapter 1 From overcoming defl ation to preventing infl ation -- chapter 2 From proactive to sound fi scal policy: an improvement to China's public fi nance system -- chapter 3 Renminbi...

The Chinese economy has been reasonably stable during the Asian financial crisis. However, there is a widespread speculation about the prospect of the stability of RMB, the Chinese currency. While the Chinese government has repeatedly promised the stability of RMB, many oversea economists have...