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Vikram Nehru - The Chinese economy: fighting inflation, deepening reforms

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title The Chinese Economy Fighting Inflation Deepening Reforms World - photo 1

title:The Chinese Economy : Fighting Inflation, Deepening Reforms World Bank Country Study
author:Nehru, Vikram.
publisher:World Bank
isbn10 | asin:0821336665
print isbn13:9780821336663
ebook isbn13:9780585244389
language:English
subjectChina--Economic policy--1976- , Inflation (Finance)--China, Monetary policy--China, Finance, Public--China.
publication date:1996
lcc:HC427.92.C46685 1996eb
ddc:338.951
subject:China--Economic policy--1976- , Inflation (Finance)--China, Monetary policy--China, Finance, Public--China.
Page i
The Chinese Economy
Fighting Inflation, Deepening Reforms
A WORLD BANK COUNTRY STUDY
The Chinese economy fighting inflation deepening reforms - image 2
Page ii
Copyright 1996
The International Bank for Reconstruction
and Development/ THE WORLD BANK
1818 H Street, N.W.
Washington, D.C. 20433, U.S.A.
All rights reserved
Manufactured in the United States of America
First printing May 1996
Second printing January 1997
World Bank Country Studies are among the many reports originally prepared for internal use as part of the continuing analysis by the Bank of the economic and related conditions of its developing member countries and of its dialogues with the governments. Some of the reports are published in this series with the least possible delay for the use of governments and the academic, business and financial, and development communities. The typescript of this paper therefore has not been prepared in accordance with the procedures appropriate to formal printed texts, and the World Bank accepts no responsibility for errors. Some sources cited in this paper may be informal documents that are not readily available.
The World Bank does not guarantee the accuracy of the data included in this publication and accepts no responsibility whatsoever for any consequence of their use. The boundaries, colors, denominations, and other information shown on any map in this volume do not imply on the part of the World Bank Group any judgment on the legal status of any territory or the endorsement or acceptance of such boundaries.
The material in this publication is copyrighted. Requests for permission to reproduce portions of it should be sent to the Office of the Publisher at the address shown in the copyright notice above. The World Bank encourages dissemination of its work and will normally give permission promptly and, when the reproduction is for noncommercial purposes, without asking a fee. Permission to copy portions for classroom use is granted through the Copyright Clearance Center, Inc., Suite 910, 222 Rosewood Drive, Danvers, Massachusetts 01923, U.S.A.
The complete backlist of publications from the World Bank is shown in the annual Index of Publications, which contains an alphabetical title list (with full ordering information) and indexes of subjects, authors, and countries and regions. The latest edition is available free of charge from the Distribution Unit, Office of the Publisher, The World Bank, 1818 H Street, N.W., Washington, D.C. 20433, U.S.A., or from Publications, The World Bank, 66, avenue d'Ina, 75116 Paris, France.
ISSN: 0-0253-2123
Page iii
CONTENTS
Acknowledgments
v
Overview
vii
Part I
Recent economic developments
1
Chapter I
Stabilization with growth
3
Picture 3
Growth, inflation, incomes, and employment
3
Picture 4
External trade and the balance of payments
6
Picture 5
Monetary policy
9
Picture 6
Public finance
10
Picture 7
Conclusion
11
Part II
Structural reforms for rapid, sustainable growth
13
Chapter 2
Reforming state enterprises: the unfinished agenda
15
Picture 8
The problem
15
Picture 9
The government's response
17
Picture 10
Experimentation by local governments
18
Picture 11
The unfinished agenda
19
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