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Economic Reforms and Recent Macroeconomic Performance

In: Contemporary Developments and Issues in China’s Economic Transition

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  • Charles Harvie

Abstract

This chapter briefly reviews China’s economic reform process, emphasizing its key characteristics and major phases. Recent macroeconomic developments are then analyzed, focusing upon those factors contributing to the economy’s recent economic slowdown. The impact of the Asian financial crisis on the Chinese economy is also highlighted as well as the likelihood of a devaluation of the country’s exchange rate. The authorities’ policy response to the economic slowdown, in terms of maintaining growth and expanding employment opportunities while maintaining low inflation, is outlined and evaluated.

Suggested Citation

  • Charles Harvie, 2000. "Economic Reforms and Recent Macroeconomic Performance," Palgrave Macmillan Books, in: Charles Harvie (ed.), Contemporary Developments and Issues in China’s Economic Transition, chapter 1, pages 3-33, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59719-8_1
    DOI: 10.1057/9780230597198_1
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