Financial restructuring in 1993

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The next section will argue that the surge in fixed capital formation was the driving force behind economic growth and that the jump in imports was a concomitant of this phenomenon, and imports actually helped cool off the economy. Section III argues that inflation, while serious, was in a large part due to accelerating price and financial reforms and that so far inflation is still under control. In addition, I shall present evidence that there was no gross overheating in the macro economy. Section IV will present the Zhu Rongji’s 16-point programme and make an assessment of its impact. I shall also point to the directions that can be taken to avoid overheating in the overall economy. Finally, Section V will present the conclusion.
Original languageEnglish
Title of host publicationChina review 1994
PublisherThe Chinese University of Hong Kong Press
Number of pages5
ISBN (Print)9622016162
Publication statusPublished - 1 Jan 1994
Externally publishedYes


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