Financial restructuring in 1993

Document Type

Book chapter

Source Publication

China review 1994

Publication Date


First Page


Last Page



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.

Publisher Statement

Copyright © The Chinese University of Hong Kong 1994. Access to external full text or publisher's version may require subscription.

Additional Information

ISBN of the source publication: 9622016162



Recommended Citation

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.

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