Financial restructuring in 1993
China review 1994
Chinese University Press
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.
ISBN of the source publication: 9622016162
Ho, L. S. (1994). Financial restructuring in 1993. In M. Brosswau & C. K. Lo (Eds.), China review 1994 (pp. 10.1-10.15). Hong Kong: The Chinese University Press.