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Wenpu Li - China's Macroeconomic Outlook - 9783642369223 - V9783642369223
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China's Macroeconomic Outlook

€ 125.66
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Description for China's Macroeconomic Outlook Hardcover. Series: Current Chinese Economic Report Series. Num Pages: 53 pages, biography. BIC Classification: 1FPC; KCB. Category: (P) Professional & Vocational. Dimension: 242 x 158 x 8. Weight in Grams: 244.

Owing to the decline in domestic investment and trade with the rest of the world, China’s real GDP in the first half of 2012 was lower than expected. Based on forecasts from China’s Quarterly Macroeconomic Model (CQMM), the slowdown of the growth rate in 2013 will be moderate as a result of modestly proactive macro control policy. GDP would grow at 8.01 percent in 2012, and then rebound to 8.29 in 2013; CPI would fall to a 2.9 percent in 2012, and then would pick up to 3.27 percent in 2013. In the scenario in which the sovereign debt crisis ... Read more

The policy implication from CQMM: on one hand the Chinese government should be able to maintain the growth rate of around 8 percent by means of timely fine-tuning of monetary policies; on the other hand, the emphasis of the micro control should be placed on structural adjustments through fiscal policies. In the long run, deepening economic, social and institutional reform will be crucial to remove the significant structural imbalance and institutional barriers to market competition, to accelerate the transformation of economic development patterns, and finally to maintain a sustainable growth rate.

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Product Details

Format
Hardback
Publication date
2013
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
45
Condition
New
Series
Current Chinese Economic Report Series
Number of Pages
40
Place of Publication
Berlin, Germany
ISBN
9783642369223
SKU
V9783642369223
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-2

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